64. Amendment of section 161 of Principal Act (proposals for compromise or scheme of arrangement)
Section 161 of the Principal Act is amended by the substitution of the following subsection for subsection (6):
"(6) For the purposes of this section and sections 162 and 163, the interest of a member of a credit union in the credit union is impaired if -
(a) the member is deprived of all or any part of the rights accruing to the member by virtue of the member's shareholding in, or membership of, the credit union, or
(b) the member is deprived of the whole or part of the member's shareholding in the credit union.".