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Co-operative Housing and Starr-Bowkett Societies Act 1998
54Restrictions on subscriptions and deposits—co-operative housing societies
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54 Restrictions on subscriptions and deposits—co-operative housing societies
54 Restrictions on subscriptions and deposits—co-operative housing societies
A co-operative housing society must not—
(a) receive money on deposit, or
(b) raise money by the subscription of its members except money raised by the nominal subscription required by its rules for a person to become a member.