Building Societies (Amendment) Act, 1986

Amendment of section 22 of Principal Act.

10.—Section 22 of the Principal Act is hereby amended by the substitution for subsection (3) of the following subsection:

“(3) A society may borrow money (including, where the Registrar with the consent of the Minister for Finance so authorises, money in a currency other than the currency of the State) and, for this purpose, may accept deposits or loans at interest, to be applied for the purpose of the society.”.