Industrial and Provident Societies Act 1965
This section has no associated Explanatory Memorandum
1. In section 6 of the Industrial and Provident Societies Act 1965(1) (maximum shareholding in society) after subsection (1) insert—
“(1A) In the case of a society which is a private registered provider of social housing, the restriction in subsection (1) does not apply to shares acquired by a local authority under the power in section 2 of the Local Government Act 2000.”.
(1)