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INDUSTRIAL AND PROVIDENT SOCIETIES ACT (NORTHERN IRELAND) 1969 - SECT 20

Advances to members.

20. Without prejudice to any provision included by virtue of section 11, the
rules of a registered society may provide for advances of money to members

(a)on the security of real or personal property; or

(b)if the society is registered to carry on banking business, in any manner
customary in the conduct of such business.


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© 1969 Crown Copyright

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