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Credit Unions and Co-operative and Community Benefit Societies Act (Northern Ireland) 2016
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Limits on holding shares
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10.—(1) Section 6(1) of the 1969 Act (maximum shareholding in society) is amended as follows.
(2) After “any interest in the” insert “withdrawable”.
(3) For “twenty thousand pounds” substitute “£100,000”.
(4) The amendment made by subsection (3) does not restrict the power conferred by section 4 of the Industrial and Provident Societies (Amendment) (Northern Ireland) Order 1976 (power to alter limit specified in section 6(1) of the 1969 Act).
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