Credit Union Act 1997

Insurance against fraud of officers etc.

47

47. (1) A credit union shall at all times maintain in force, in respect of each financial year, a policy of insurance which complies with any prescribed requirements and which insures the credit union in respect of loss suffered or liability incurred by reason of the fraud or other dishonesty of its officers F74 [ ].

(2) F75 [ ]

(3) F76 [ ]

Annotations

Amendments:

F74

Deleted (11.10.2013) by Credit Union and Co-operation with Overseas Regulators Act 2012 (40/2012), s. 35 and sch. 1 item 33, S.I. No. 393 of 2013.

F75

Deleted (1.08.2013) by Credit Union and Co-operation with Overseas Regulators Act 2012 (40/2012), s. 35 and sch. 1 item 34, S.I. No. 280 of 2013.

F76

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

Editorial Notes:

E37

Previous affecting provision: subs. (3) amended (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 25, S.I. No. 160 of 2003, subject to transitional provisions in s. 36 and sch. 3 para. 26; subsection deleted as per F-note above.