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The Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006

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There are currently no known outstanding effects for the The Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006, Section 4. Help about Changes to Legislation

Procedure for imposition of restriction on useN.I.

4.—(1) A restriction on use may be included in the rules of a prescribed community benefit society at the time when it is registered under the 1969 Act or may be adopted by the society in accordance with paragraph (2).

(2) A prescribed community benefit society may by special resolution amend its rules so as to adopt a restriction on use and, for this purpose, “special resolution” has the same meaning as in section 59 of the 1969 Act (amalgamation of societies).

Commencement Information

I1Reg. 4 in operation at 31.7.2006, see reg. 1

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