Credit Union Act 1997



13.— (1) The rules of a credit union shall be in such form as the F20 [ Bank ] may determine and shall contain—

( a) provisions with respect to the matters in the First Schedule ; and

( b) such additional provisions as the F20 [ Bank ] may determine, after consultation with the Advisory Committee and such other bodies as appear to F20 [ it ] to be expert or knowledgeable in matters relating to credit unions.

(2) The rules of a credit union may specify the form of any instrument necessary for carrying the purposes of the credit union into effect.

(3) An acknowledgement of registration issued to a credit union under this Part shall constitute an acknowledgement, and, unless the contrary is proved, be sufficient evidence of the registration of the rules of that credit union in force at the date of the acknowledgement of the registration of the credit union.




Substituted (1.05.2003) by Central Bank and Financial Services Authority of Ireland Act 2003 (12/2003), s. 35(1) and sch. 1 pt. 24 item 11, S.I. No. 160 of 2003, subject to transitional provisions in s. 36 and sch. 3 para. 26.