166
39 & 40 Yict. Cap. 45, s. 12.
(3.) As to copyholds.~Wh.eTe any society is entitled in
equity to any hereditaments of copyhold or customary
tenure, either absolutely or by way of mortgage or security,
the lord of the manor of which the same are held shall from,
time to time, if the society so require, admit such persons
(not to exceed three) as such society appoints, to be trustees
on its behalf, as tenants in respect of such hereditaments,
on payment of the usual fines, fees, and other dues payable
on the admission of a single tenant, or may admit the
society as tenant in respect of the same on payment of such
special fine or compensation, in lieu of fines and fees, as
may be agreed upon between such lord and the society (o).
(4.) Investments.—A society may, if its rules so allow
invest any part of its capital in the shares or on the security
of any other society (6) registered under this Act or under the
Building Societies Acts, or of any company registered under
the Companies Acts or incorporated by Act of parliament or
by charter, provided that no such investment be made in
the shares of any society or company' other than one with
limited liability, and a society so investing may make such
investment in its registered name and shall be deemed to
he a person within the meaning of the Companies Acts,
1862 and 1867, and the Building Societies Act, 1874, and
any investment made before the passing of this Act which
would have been valid if this Act had been then in force
is hereby made valid and confirmed.
(5.) Other corporate bodies.—Any other body corporate
may, if its regulations permit, hold shares by its corporate
name in a society'.
(6.) Forms.—In the rules or any schedule thereto may
be set forth the forms of conveyance, surrender, admittance,
mortgage, transfer, agreement, bond or other instrument
necessary for carrying the purposes of the society into
effect.
(a) See note (b), ante, p. 165.
(5) But not in its own shares.
