Credit Union Act 1997
Restriction on dissolution or cancellation of registration.
136.—F383[(1) Until a certificate under this section has been lodged with the Bank—
(a) a credit union shall not be dissolved in accordance with section 135(6), and
(b) the Bank shall not cancel the registration of a credit union under section 97 (2)(b).]
(2) A certificate under this section is one which—
F385[(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) certifies that all property vested in the credit union has been duly conveyed or transferred to the persons entitled.
Annotations
Amendments:
F383
Substituted (8.04.2024) by Credit Union (Amendment) Act 2023 (34/2023), s. 63, S.I. No. 57 of 2024.
F384
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.
F385
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.