s 69 Investment of funds
69.—(1) A society may invest or deposit its funds in such manner as it thinks fit.
(2) Despite subsection (1), a credit society must invest or deposit its funds in accordance with any restrictions on investment contained in written directions issued by the Registrar.[3/2018]
(3) Despite section 63, any person who exercises any power of investment in relation to the funds of a society pursuant to subsection (1) or (2) is, when exercising such power of investment, subject to the same duty of care imposed on a trustee under section 3A of the Trustees Act 1967.[3/2018]
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