Credit Union Act 1997

THIRD SCHEDULE

Credit Committee, Credit Control Committee and Membership Committee

1. F358 [ ]

2. A credit committee, credit control committee and membership committee shall—

( a) meet as often as necessary to carry out their functions;

( b) submit a written report to the board of directors at each meeting of the board; and

( c) comply with any instruction of the board of directors.

3. A credit committee shall have not less than three members and a member of the credit control committee, the credit control officer or a credit officer shall not be eligible for membership.

4. A credit control committee shall have not less than three members and a member of the credit committee, the credit control officer or a credit officer shall not be eligible for membership.

5. A membership committee shall have not less than one member.

6. F359 [ ]

Annotations

Amendments:

F358

Deleted (11.10.2013) by Credit Union and Co-operation with Overseas Regulators Act 2012 (40/2012), s. 35 and sch. 1 item 145, S.I. No. 393 of 2013.

F359

Deleted (11.10.2013) by Credit Union and Co-operation with Overseas Regulators Act 2012 (40/2012), s. 35 and sch. 1 item 146, S.I. No. 393 of 2013.