Maximum shareholding in society
This section has no associated Explanatory Memorandum
3. In section 6(1) of the 1965 Act (maximum shareholding in society), after subsection (1) insert—
“(1ZA) Any interest in the shares of the society which are not withdrawable shall be disregarded for the purposes of subsection (1) of this section.”
(1)
Section 6 was amended by the Housing (Consequential Provisions) Act 1985 (c.71), Schedule 2, paragraph 8, and by S.I. 1994/341, S.I. 1997/627 and S.I. 2010/866.