Section 8 General prohibition on deposit-taking.
England, Wales and Scotland
(1)
Subject to sections 9 and 10 below, a credit union shall not accept a deposit from any person except by way of subscription for its shares.
F1(2)
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(4)
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(5)
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Annotations
Textual amendments
- F1
S. 8(2)(4)(5) omitted (2.7.2002) by virtue of S.I. 2002/1501, arts. 1(1), 2(5)