Credit Union Act 1997

Restriction on dissolution or cancellation of registration.


136. (1) Until a certificate under this section has been lodged with the F294 [ Bank ]

F295 [ ( 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 F294 [ 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 F294 [ Bank ]; and

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




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 97, S.I. No. 160 of 2003, subject to transitional provisions in s. 36 and sch. 3 para. 26.


Substituted (11.10.2013) by Credit Union and Co-operation with Overseas Regulators Act 2012 (40/2012), s. 35 and sch. 1 item 116, S.I. No. 393 of 2013.