(1) The following are the conditions referred to in subparagraph (i) of the definition of 'special term share account' in section 267A(1):
(a) the account shall be opened and designated by the credit union as a medium term share account or, as the case may be, a long term share account;
(b) the account shall not be denominated in a foreign currency;
(c) the account shall not be connected with any other share account or deposit account held by the member or any other person; and for this purpose an account shall be connected with another account if -
(I) either account was opened with reference to the other account, or with a view to enabling the other account to be opened on particular terms, or with a view to facilitating the opening of the other account on particular terms, and
(II) the terms on which either account was opened would have been significantly less favourable to the member if the other account had not been opened,
or
(ii) the terms on which either account is operated
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