§ A person shall not be or attempt to be come a member for the purposes of this Part of this Act of more than one approved society at the same time, or, being a deposit contributor, to become at the same time a member for the purposes of this Part of this Act of an approved society, but nothing in this Act shall prevent any person who is a member of an approved society or a deposit contributor under this Part of this Act becoming a member of the same or any other society independently of this Act, or affect the right of an approved society to reject or expel from membership any person not being an insured person, or the rights or liabilities of an approved society or of any member thereof arising otherwise than under this Part of this Act; and, subject to the provisions of this Part of this Act, all rules made by an approved society or any branch thereof shall remain and be of the same force and effect as though this Act had not been passed.
§ Amendments made: Leave out the words "or a deposit contributor."
§ After the word "Act" ["independently of this Act"] insert the words "or prevent a deposit contributor becoming a member of any society independently of this Act."
§ After the word "by" ["rules made by"] insert the words "a society which becomes."—[Mr. Lloyd George.]
699§ Accounts: Valuations: Surplus and Deficit.