Building Societies Act, 1976
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Loans by one society to another. |
24.—(1) Notwithstanding anything in this Act or in the rules of a society, a society may lend money to another society where the Registrar, with the consent of the Minister for Finance, so authorises. | |
(2) The powers conferred by subsection (1) shall be deemed to authorise loans made since the 1st day of July, 1974, by a society to a society which, pursuant to section 2 of the Building Societies Act, 1974 , was the subject of an application to the Registrar for the transfer of its engagements to the first-mentioned society. |