22
CAP. 119]
Credit Unions.
[1968 Ed.
Incorporation of league of credit unions.
Objects of League.
(b) fails to register a credit union within thirty days of the receipt of a memorandum of association duly filed for the purpose;
(c) refuses or fails to give his approval, within thirty days of the receipt, of any written application therefor, when his approval is required for any purpose under this Ordinance;
(d) under section 54, orders a credit union to suspend business,
any person aggrieved thereby may, subject to this section, appeal against such refusal, failure or order to the District Court.
(2) An appeal under this section shall be entered within fourteen days--
(a) after the date of any refusal to register or of any suspension order, in the case of an appeal under paragraph (a) or (d) of subsection (1); or
(b) after the date of the expiry of the period of thirty days mentioned therein, in the case of an appeal under paragraph (b) or (c) of subsection (1).
(3) The decision of the District Court on any such appeal shall be final.
PART XI.
THE CREDIT UNION LEAGUE OF HONG KONG.
63. (1) The body known as the Credit Union League of Hong Kong (hereinafter in this Part referred to as the former League) shall, on the date of commencement of this Ordinance, become a body corporate with perpetual succession and shall be capable of suing and being sued in the name of the Credit Union League of Hong Kong and, subject to this Ordinance, of doing and suffering all such other acts and things as bodies corporate may lawfully do and suffer.
(2) The League shall have and may use a common seal.
64. The objects of the League are--
(a) to protect and assist the credit unions which are members of the League;
(b) to provide educational and advisory services for credit unions;
(c) to encourage and assist in the organization of credit unions;
(d) to arrange for bonds and insurance on behalf of credit unions and their employees;
(e) to set up a stabilization fund in accordance with section 72;