Subsidiary State Partnership Fund

(1) A central society which is provided with moneys by an Apex society from the Principal State Partnership Fund shall, with such moneys establish a Fund to be called the “Subsidiary State Partnership Fund”.

(2) A Central society shall utilize the Subsidiary State Partnership Fund for the purpose of—

(a) purchasing shares in primary societies;

(b) making payments to the Apex society in accordance with the provisions of this Chapter; and for no other purpose.