26
CAP. 119]
Credit Unions.
[1968 Ed.
Restriction on use of expression
“credit union” or in Chinese “儲蓄互助社”.
Penalty.
Criminal liability of officers of
credit union.
Appointment of Registrar.
Register of
Credit Unions to be kept.
Forms of records, etc.
(b) being a president or treasurer of a credit union, fails to deliver to the Registrar a copy of the instrument or record of the resolution in accordance with subsection (3) of section 57,
shall be guilty of an offence.
79. Any person, other than a credit union or the League, who trades or carries on any business under any name or title of which the expression "credit union", or the Chinese expression “儲蓄互助社”, is part shall be guilty of an offence:
Provided that nothing in this section shall apply to the use by any person or his successors in interest of any name or title under which he traded or carried on business at the commencement of this Ordinance.
80. Any person guilty of an offence against this Ordinance for which no penalty is provided shall be liable on conviction to a fine of two thousand dollars and, in the case of a continuing offence, to an additional daily penalty of fifty dollars.
81. Every offence committed by a credit union shall be deemed to have been also committed by each officer of the credit union who is bound by this Ordinance or the by-laws of the credit union to fulfill the duties whereof such an offence is a breach or, if there is no such officer, then by each of the directors and members of the supervisory committee and credit committee, unless such officer, director or member is proved to have been ignorant of, or to have attempted to prevent, the commission of such offence.
PART XIII.
REGISTRAR.
82. (1) The Governor may appoint a public officer to be the Registrar of Credit Unions and may appoint other public officers to assist the Registrar.
(2) The Registrar may delegate to any public officer appointed to assist him under subsection (1) all or any of the powers and duties conferred or imposed on him by this Ordinance.
83. (1) The Registrar shall keep at his office a register, to be known as the Register of Credit Unions, in which shall be entered particulars of the registration of every credit union.
(2) The Registrar shall keep such other records relating to credit unions as may be prescribed.
84. A credit union shall keep accounts, balance sheets, forms, records and books in such form as may be approved by the Registrar.
26
CAP. 119]
Credit Unions.
[1968 Ed.
Restriction on use of expression
“credit union” or in Chinese “儲蓄互助社”.
Penalty.
Criminal liability of officers of
credit union.
Appointment of Registrar.
Register of
Credit Unions to be kept.
Forms of records, etc.
(b) being a president or treasurer of a credit union, fails to deliver to the Registrar a copy of the instrument or record of the resolution in accordance with subsection (3) of section 57,
shall be guilty of an offence.
79. Any person, other than a credit union or the League, who trades or carries on any business under any name or title of which the expression "credit union", or the Chinese expression “Haut", is part shall be guilty of an offence:
Provided that nothing in this section shall apply to the use by any person or his successors in interest of any name or title under which he traded or carried on business at the commencement of this Ordinance.
80. Any person guilty of an offence against this Ordinance for which no penalty is provided shall be liable on conviction to a fine of two thousand dollars and, in the case of a continuing offence, to an additional daily penalty of fifty dollars.
81. Every offence committed by a credit union shall be deemed to have been also committed by each officer of the credit union who is bound by this Ordinance or the by-laws of the credit union to fulfill the duties whereof such an offence is a breach or, if there is no such officer, then by each of the directors and mem- bers of the supervisory committee and credit committee, unless such officer, director or member is proved to have been ignorant of, or to have attempted to prevent, the commission of such offence.
PART XIII.
REGISTRAR.
82. (1) The Governor may appoint a public officer to be the Registrar of Credit Unions and may appoint other public officers to assist the Registrar.
(2) The Registrar may delegate to any public officer appoint- ed to assist him under subsection (1) all or any of the powers and duties conferred or imposed on him by this Ordinance.
83. (1) The Registrar shall keep at his office a register, to be known as the Register of Credit Unions, in which shall be entered particulars of the registration of every credit union.
(2) The Registrar shall keep such other records relating to credit unions as may be prescribed.
84. A credit union shall keep accounts, balance sheets, forms, records and books in such form as may be approved by the Registrar.
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