Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 May 2003 - onwards
  Version 3 of 3    

13. Rules.

(1) The rules of a credit union shall be in such form as the Bank may determine and shall contain -

(a) provisions with respect to the matters in the First Schedule; and

(b) such additional provisions as the Bank may determine, after consultation with the Advisory Committee and such other bodies as appear to it to be expert or knowledgeable in matters relating to credit unions.

(2) The rules of a credit union may specify the form of any instrument necessary for carrying the purposes of the credit union into effect.

(3) An acknowledgement of registration issued to a credit union under this Part shall constitute an acknowledgement, and, unless the contrary is proved, be sufficient evidence of the registration of the rules of that credit union in force at the date of the acknowledgement of the registration of the credit union.