Article 4 Prescribed contracts

A society without a qualifying asset holding is hereby prescribed as a description of society under section 23(4) of the Act in relation to which it is hereby provided that section 23(3) of the Act shall not have effect as regards the exercise, by it, of the following powers which are hereby prescribed namely to effect contracts prescribed in paragraph 2 of Part I, in paragraph 2 of Part III and in paragraph 3 of Part IV of the Schedule hereto.