Restrictions on borrowing: non-member deposits and loans permitted only under prescribed society rules and by laws. A registered society may accept deposits and loans from persons who are not members only to the extent and under the conditions prescribed by the ... Summary
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Restrictions on borrowing: non-member deposits and loans permitted only under prescribed society rules and by laws.
A registered society may accept deposits and loans from persons who are not members only to the extent and under the conditions prescribed by the society's rules or by laws; permissibility of external borrowing is therefore conditional on and governed by those internal instruments.
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