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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 August 2014 - onwards
  Version 9 of 9    

6 Minimum and maximum number of members

(1) The minimum number of members of a credit union shall be twenty-one.

(1A) Accordingly, references in the following provisions to 3 members are to be read as 21 members -

(a) section 3(1)(a)(i) of the 2014 Act as it applies to an application for registration as a credit union;

(b) section 5(3)(b) of that Act as it applies to the cancellation of a credit union's registration;

(c) section 115(2) as it applies to the conversion of a company into a credit union.

(2) [deleted]

(3) [deleted]

(4) [deleted]

(5)[deleted]

(6) [deleted]

Comparing proposed amendment...