# The Building Societies (Designated Capital Resources) (Deferred Shares) Order 1989, Article 3: Capital resources which may be aggregated with reserves


When a building society has issued old deferred shares those shares may for the purpose of the first criterion of section 45(3) of the Act be aggregated with reserves, but only in so far as the nominal value of shares so aggregated does not exceed £75,000.

---
Source: https://www.legislation.gov.uk/uksi/1989/208/article/3 (the official version)
Page: https://openlegislation.uk/building-societies-designated-capital-resources-deferred-shares-order-1989/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.