law: Co-Operative Societies Act 2008 
  Part
  
  VII Property and Funds of Society
  114.
  
  Investment of funds
  1.      A society may invest
  
  or deposit its funds—
  a.     
  
    in
  
  any registered society or bank approved by the Registrar;
  b.    
  
    in
  
  any securities issued or guaranteed by the Government;
  c.     
  
    in
  
  the shares or on the security of any society with limited liability; or
  d.    
  
    in
  
  any other manner permitted by the Registrar.
  2.      Except with the
  
  approval of the general membership and of the Registrar, a society may not
  
  invest its funds for the purpose of a mortgage of real property.