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Co-operative and Community Benefit Societies Act 2014
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- UK Public General Acts
- 2014 c. 14
- SCHEDULE 4
- Part 1
- Paragraph 13
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13(1)Section 23 (conversion of company into credit union) is amended as follows.E+W+S
(2)Omit subsections (1) and (2).
(3)In subsection (3) for “that section” substitute “ section 115 of the 2014 Act (conversion of company into a registered society) ”.
(4)After subsection (4) insert—
“(5)Section 116 of the 2014 Act (member's shareholding in company exceeds maximum permitted amount) does not apply in relation to the conversion of a company into a credit union.”
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