INVESTMENT POWERS. The Directors must invest and deal with any part of the funds of the Co-op in such manner as they think fit provided that the Directors must not invest any part of the funds of the Co-op other than: [a] in a security or class of securities in which trustees are permitted to invest trust funds under the Trustee Act, or [b] by deposit in a savings institution in which deposits may be made by trustees under the Trustee Act.
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Samples: Rules of Sunkatchers r.v. Park Co Operative, Rules of Cooperative Housing Association, Rules of Byrne Creek Housing Co Operative
INVESTMENT POWERS. β The Directors must invest and deal with any part of the funds of the Co-op in such manner as they think fit provided that the Directors must not invest any part of the funds of the Co-op other than: [a] in a security or class of securities in which trustees are permitted to invest trust funds under the Trustee Act, or [b] by deposit in a savings institution in which deposits may be made by trustees under the Trustee Act.
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