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The Community Benefit Societies (Restriction on Use of Assets) Regulations 2006
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Draft Legislation:
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Community Benefit Societies (Restriction on Use of Assets) Regulations 2006 No. 264
Effect of restriction on use of assets
3. A prescribed community benefit society which has a restriction on use may not use or deal with its assets except in a case mentioned in section 1(2) of the 2003 Act.
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