Investment of funds in housing associationU.K.
4(1)An incorporated friendly society may invest funds of the society in subscribing for any of the share or loan capital of a housing association (within the meaning of the Housing Associations Act 1985) other than shares or debentures not fully paid up at the time of issue.U.K.
(2)This paragraph has effect without prejudice to any power the society may have by virtue of section 14 above.