55. Amendment of section 88 of Principal Act (procedural provisions relating to regulatory directions)
This format of the bill is taken from the text of stage 1 published on 30 November 2022 by Seanad Éireann
Section 88 of the Principal Act is amended, in subsection (1), by the substitution of the following paragraph for paragraph (b):
"(b) the secretary of the credit union concerned shall, as soon as practicable, notify -
(i) every member of the board of directors of the credit union, and
(ii) in the case of a credit union other than a corporate credit union, every member of the board oversight committee of that credit union,
of the giving of those directions,".