# The Deregulation (Credit Unions) Order 1996, Article 6: Relaxation of limits on loans


In the 1979 Act—
(a) section 11(3) (which prohibits a loan to a non-qualifying member if his total liability to the credit union would exceed his total paid-up shareholding in it) and
(b) in section 5(8), the words “, subject to section 11(3) below”,
are hereby repealed.

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Source: https://www.legislation.gov.uk/uksi/1996/1189/article/6 (the official version)
Page: https://openlegislation.uk/deregulation-credit-unions-order-1996/article-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.