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Credit Unions Act 1979

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This is the original version (as it was originally enacted).

27Prohibition on undischarged bankrupts and other persons

A person who is an undischarged bankrupt or who has been convicted on indictment of any offence involving fraud or dishonesty shall not—

(a)sign an application form for registration of a credit union; or

(b)act as a member of the committee of a credit union;

or

(c)directly or indirectly take part in or be concerned in the management of a credit union ; or

(d)permit his name to be put forward for election or appointment to any office in a credit union ;

and where a person holding any office in a credit union becomes ineligible by virtue of this section to hold that office, he shall forthwith cease to hold that office.

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