(1) The deposit-taking business within the meaning of section 1(29), first sentence, point 3, may be conducted only with the members of the cooperative and their relatives within the meaning of section 15 of the Fiscal Code.
(2) Section 25c(1) applies on the basis that managers of housing enterprises with savings facilities may, in an individual case, acquire the practical knowledge of the corresponding business after their appointment, where at least two board members exist who possess the professional qualification under section 25c(1), and it is ensured that these members always hold the majority of the votes in all decisions.
(3) Section 25c(4a), point 3, letters d, e, and g, applies on the basis that reporting takes place at appropriate intervals, but at least annually.
(4) Sections 6b, 6c, and 6d, 7a, 10 to 18, 24(1), points 16 and 17, and (1a), point 5, sections 24c, 25, 25d(7) to (12), section 32(1a), and section 26a do not apply.
(5) Section 33(1), first sentence, applies on the basis that a housing enterprise with a savings facility has available, as initial capital, an equivalent value of at least EUR 5 million.
(6) Sections 26c and 26d apply on the basis that housing enterprises with savings facilities need take into account only financial risks connected with environment-related risks, and are deemed small and non-complex institutions.
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Section 51c
Other special provisions for housing enterprises with savings facilities
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