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Article 3 Increase in shareholding limit

Original text. Later amendments are not shown.

In section 6(1) of the Actf1, for the words “ten thousand pounds” (denoting the limit on the interest any one member may hold in the shares of a society registered under that Act) there shall be substituted the words “twenty thousand pounds”.

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Footnotes

f1

Section 6(1) was amended by section 1 of the Industrial and Provident Societies Act 1975 and by S.I. 1981/395.