43. No member, other than a society or trade union, shall hold more than 20% of the share capital of any society.
Informal Consolidation | Amended Act 3 of 2018
Restriction on shareholding
43.—(1) Except as provided in subsection (2), a member cannot hold more than 20% of the share capital of a society.
(2) A member may hold more than 20% of the share capital of a society, if the Registrar grants written approval for that society to issue more than 20% of its share capital to that member.
(3) This section does not apply to a member that is a society or a trade union.