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Paragraph 5 Meaning of activities in the range from which a society is restricted

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

For the purposes of paragraph 4(2)(c) above an activity of a body corporate is an activity in the range from which a society is restricted where it is an activity which the society could not undertake by reason of the fact that—

(a)

it has not adopted a particular adoptable power, whether because the power is not available to it or for any other reason, or

(b)

the activity would be in contravention of a restriction upon the extent of a power the society has adopted being either a restriction derived from the Act or any instrument under the Act or a restriction assumed by the society.