Credit Unions and Co-operative and Community Benefit Societies Act (Northern Ireland) 2016

This section has no associated Explanatory Notes

6  In Article 17 (nomination to property in credit union) after paragraph (6) insert—N.I.

(7) A nomination made by an individual who is a corporate member is valid only if—

(a)in the case of a nomination made by an individual acting in the capacity as a partner in a partnership, the person nominated is (immediately before the individual's death) a partner in the partnership;

(b)in the case of a nomination made by an individual acting in the capacity as an officer or member of the governing body of an unincorporated association, the person nominated is (immediately before the individual's death) an officer or member of the governing body of the unincorporated association..