The Credit Unions (Northern Ireland) Order 1985 No. 1205 (NI. 12)

SCHEDULES

SCHEDULE 1 N.I. MATTERS TO BE PROVIDED FOR IN RULES OF CREDIT UNION

[F1 13.   Provision for— N.I.

(a) terminating the membership of corporate members in order to comply with the limit on the number of corporate members (see Article 14A(2));

(b) the repayment of shares held by a corporate member where—

(i) the membership is terminated in order to comply with the limit on the number of corporate members, or

(ii) shares must be repaid in order to comply with the limit on shares allotted to corporate members (see Article 14A(4)).]

F1 Sch. 1 para. 13 substituted (23.4.2016) by Credit Unions and Co-operative and Community Benefit Societies Act (NorthernIreland) 2016 (c. 16), s. 17, Sch. 1 para. 11(5)