Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 May 2003 - onwards
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117. Resolutions relating to appointment and removal of auditors.

(1) Subject to subsection (2), a resolution at a general meeting of a credit union -

(a) nominating for election as auditor a person other than a retiring auditor,

(b) providing that a retiring auditor shall not be nominated for election,

(c) removing an auditor before the expiration of his term of office, or

(d) nominating for election as auditor a retiring auditor who was appointed by the directors to fill a casual vacancy,

shall not be effective unless notice of the intention to move it has been given to the credit union and to the Bank not less than 28 days before the meeting at which it is to be moved.

(2) Where, after notice of the intention to move such a resolution has been given to the credit union, a general meeting of the credit union is called for a date less than 28 days after the notice has been given, the notice, although not given within the time required by subsection (1) shall be deemed to have been properly given for the purpose of that subsection.

(3) Subject to sub