Credit Union Act 1997

Contents of examiner’s report under section 157 .


158.An examiner’s report under section 157 shall include—

( a) the proposals placed before the required meetings;

( b) any modification of those proposals adopted at any of those meetings;

( c) the outcome of each of the required meetings;

( d) the recommendation of the committee of creditors, if any, appointed under section 160 ;

( e) a statement of the assets and liabilities (including contingent and prospective liabilities) of the credit union as at the date of his report;

( f) a list of the creditors of the credit union, the amount owing to each such creditor, the nature and value of any security held by any such creditor, and the priority status of any such creditor under any statutory provision or rule of law;

( g) a list of the officers of the credit union;

( h) his recommendations; and

( i) such other matters as the examiner deems appropriate or the Court directs.