Co-operative or community benefit societiesSee for more detail: Ian Snaith (ed), Handbook of Co-operative and Community Benefit Society Law, Co-operatives Uk and Jordan Publishing 2014 may in general conduct any legal business. However, co-operative societies are restricted by section 2(3) of Co-operative and Community Benefit Societies Act 2014, which lays down that, for the purposes of the legislation, a "co-operative society" does not include "a society that carries on, or intends to carry on, business with the object of making profits mainly for the payment of interest, dividends or bonuses on money invested or deposited with, or lent to, the society or any other person".
