# The Community Benefit Societies (Restriction on Use of Assets) Regulations 2006, Paragraph 4


Section 50 (amalgamation of societies) shall apply to a prescribed community benefit society that has a restriction on use as if—
(a) at the beginning of subsection (1), for the word “Any” there were substituted “Subject to subsection (1A), any”; and
(b) after subsection (1), there were inserted—
“(1A) A registered society that—
(a) is a prescribed community benefit society; and
(b) has a restriction on use,
may only amalgamate with another registered society that is a prescribed community benefit society and has a restriction on use and, for this purpose, “prescribed community benefit society” and “restriction on use” have the same meaning as in the Community Benefit Societies (Restriction on Use of Assets) Regulations 2006.”.

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Source: https://www.legislation.gov.uk/ukdsi/2006/0110737865/schedule/2/paragraph/4 (the official version)
Page: https://openlegislation.uk/draft-community-benefit-societies-restriction-on-use-of-assets-regulations-2006/schedule-2/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.