1968 Ed.]
Credit Unions.
[CAP. 119
1
CHAPTER 119.
CREDIT UNIONS ORDINANCE.
ARRANGEMENT OF SECTIONS.
Section.
Page.
PART I.
PRELIMINARY.
1. Short title and commencement
2. Interpretation...
5
5
PART II.
FORMATION AND POWERS OF CREDIT UNIONS.
3. Conditions of registration
4. Memorandum of association
3. Registration
6.
7. Restriction on name
8.
9. Incorporation with limited liability; and effect thereof
Amendment of memorandum of association
Registered office
10. Powers
6
7
7
7
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PART III.
CAPITAL, SHARES AND MEMBERSHIP.
11. Capital divided into shares
12.
13. Disposal of shares ...
14.
15.
16. Allotment and subscription for shares
Restriction on disposal of shares by officers, etc.
Membership limited to persons with common occupation, etc. Admission to and conditions of membership
A
4
;
8
9
9
9
17. Minors
9
44.
18. Expulsion of member
10
19. Cessation of membership
10
20. Payment on cessation of membership...
10
21. Liability on cessation of membership...
10
22. Debts owed by members or past members
10
23. Payment to nominee or person entitled upon death of member
11
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24
24. Record of members and shares
11
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PART IV.
MEETINGS AND ELECTION OF BOARD AND COMMITTEES.
25. Annual and special meetings
26. Voting
27. First meeting
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12
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