Paragraph 13 F1
England, Wales and Scotland
Provision for—
(a)
terminating the membership of corporate members in order to comply with the limit on the number of corporate members (see section 5A above); and
(b)
the repayment of the shares held by a corporate member in any case where—
(i)
the membership is terminated to comply with the limit on the number of corporate members, or
(ii)
the shares must be repaid in order to comply with the limit on shares allotted to corporate members (see section 5A above).
Annotations
Textual amendments
- F1
Sch. 1 para. 13 substituted (8.1.2012) by The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011 (S.I. 2011/2687), arts. 1(1)(b), 15(6) (with arts. 25, 26)