Credit Union Act 1997

Application for registration as a credit union.

7

7.—(1) An application for the registration of a society as a credit union shall be made to the F19[Bank] and shall be signed by 15 members of the society, all of whom have the same common bond and one of whom shall be the secretary.

(2) An application under subsection (1) shall be accompanied by two printed copies of the society's rules.

Annotations

Amendments:

F19

Substituted (1.05.2003) by Central Bank and Financial Services Authority of Ireland Act 2003 (12/2003), s. 35(1) and sch. 1 part 24 item 6, S.I. No. 160 of 2003, subject to transitional provisions in s. 36 and sch. 3 para. 26.

F20

Substituted by Credit Union (Amendment) Act 2023 (34/2023), s. 5(a), not commenced as of date of revision.

F21

Inserted by Credit Union (Amendment) Act 2023 (34/2023), s. 5(b), not commenced as of date of revision.

F22

Substituted by Credit Union (Amendment) Act 2023 (34/2023), s. 5(c), not commenced as of date of revision.

Modifications (not altering text):

C8

Prospective affecting provision: subs. (1) substituted, subs. (1A) inserted and subs. (2) amended by Credit Union (Amendment) Act 2023 (34/2023), s. 5(a), (b), (c), not commenced as of date of revision.

(1) F20[Subject to subsection (1A), an application] shall be accompanied by two printed copies of the society's rules.

F21[(1A) An application for the registration of a society as a credit union pursuant to section 6(6) shall be made to the Bank and shall be signed on behalf of each credit union which is a member of the society by the secretary of each such credit union.]

(2) F22[An application under subsection (1) or (1A)] shall be accompanied by two printed copies of the society's rules.