Credit Union and Co-operation with Overseas Regulators Act 2012


Special resolutions.

28.— The Principal Act is amended by substituting the following for section 83:

“83.— (1) If, at any general meeting of which notice has been given specifying the intention to propose a special resolution, the chair declares that the resolution has been passed as required by the definition of ‘special resolution’ in section 2(1), that declaration shall, without more, be evidence of that fact until the contrary is proved.

(2) A copy of every special resolution for any of the purposes mentioned in this Act—

( a) shall be signed by the chair of the meeting at which the resolution was passed,

( b) shall be countersigned by the secretary of the credit union, and

( c) within 21 days of the date of the meeting at which the resolution was passed, shall be sent to the Bank to be registered by it,

and the special resolution shall not take effect until that copy is so registered.”.