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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 30 November 1997 - onwards
    Version 1 of 1    

698. Interpretation (Chapter 1).

In this Chapter, except where the context otherwise requires -

"loan interest" in relation to a society, means any interest payable by the society in respect of any mortgage, loan, loan stock or deposit;

"share interest" in relation to a society, means any interest, dividend, bonus or other sum payable to a shareholder of the society by reference to the amount of the shareholder's holding in the share capital of the society;

"society" means a society registered under the Industrial and Provident Societies Acts, 1893 to 1978.

references to the payment of share interest or loan interest include references to the crediting of such interest.

Comparing proposed amendment...