Credit Union and Co-operation with Overseas Regulators Act 2012

42.

Establishment of Credit Union Restructuring Board.

42.— (1) The Minister shall by order appoint a day to be the establishment day for the purposes of this Part.

(2) On the establishment day there shall stand established a body to be known as the Credit Union Restructuring Board (in this Part referred to as “ReBo”) which shall exercise the functions assigned to it by this Part.

(3) ReBo shall be a body corporate with the power to sue and be sued in its corporate name.

Annotations:

Editorial Notes:

E6

Power pursuant to subs. (1) exercised (1.01.2013) by Credit Union Restructuring Board (Establishment Day) Order 2012 (S.I. No. 558 of 2012.

2. The day appointed as the establishment day for the purposes of Part 3 of the Credit Union and Co-operation with Overseas Regulators Act 2012 (No. 40 of 2012) is 1 January 2013.