Credit Union Act 1997

Restriction on dissolution or cancellation of registration.

136

136. (1) Until a certificate under this section has been lodged with the F279 [ Bank ]

F280 [ ( a ) is signed by the secretary or other officer (other than a person who is an officer solely by virtue of being a voluntary assistant) of the dissolving or transferor credit union approved by the Bank; and ]

( b) the F279 [ Bank ] shall not cancel the registration of a credit union under section 97 (2)(a) .

(2) A certificate under this section is one which—

( a) is signed by the secretary or other officer of the credit union approved by the F279 [ Bank ]; and

( b) certifies that all property vested in the credit union has been duly conveyed or transferred to the persons entitled.