Credit Unions Act 1979
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Change 1
SCHEDULE 2 Procedure in Relation to Directions Under Section 19
Section 19. 1 Not less than fourteen days before giving a direction, the Authority shall serve on the credit union concerned, and on every member of its committee, a notice stating that it proposes to give such a direction and specifying the nature of the direction it proposes to give and the considerations which have led it to conclude that it should give such a direction. 2 The Authority shall consider any representations with respect to the notice which may be made to the Authority by the credit union within such period as the Authority may allow, not being less than fourteen days from the date on which the credit union is served with the notice, and, if the credit union so requests, shall afford the credit union an opportunity of being heard by the Authority within that period. 3 (1) On giving such a direction the Authority shall serve the direction on the credit union and shall serve on every member of its committee a notice of the giving of the direction. (2) The direction and notices served in accordance with subparagraph (1) above shall be accompanied by a notice specifying the considerations which have led the Authority to conclude that it should give the direction. (3) The Authority shall not have power to give such a direction unless all the considerations so specified were those, or were among those, which were specified in the notice under paragraph 1 above. 4 A notice under this Schedule may be served on a member of the committee of a credit union by sending it by post to his address, or latest address, as notified to the Authority by him or by the credit union. 5 Failure to serve a notice under this Schedule on a committee member shall not affect the validity of a direction. 6 Notice of the giving of a direction shall be published by the Authority in the Gazette and in any other manner which appears to it to be necessary for informing the public.
SCHEDULE 2 Procedure in Relation to Directions Under Section 19
Section 19. 1 Not less than fourteen days before giving a direction, the Authority shall serve on the credit union concerned, and on every member of its committee, a notice stating that it proposes to give such a direction and specifying the nature of the direction it proposes to give and the considerations which have led it to conclude that it should give such a direction. 2 The Authority shall consider any representations with respect to the notice which may be made to the Authority by the credit union within such period as the Authority may allow, not being less than fourteen days from the date on which the credit union is served with the notice, and, if the credit union so requests, shall afford the credit union an opportunity of being heard by the Authority within that period. 3 (1) On giving such a direction the Authority shall serve the direction on the credit union and shall serve on every member of its committee a notice of the giving of the direction. (2) The direction and notices served in accordance with subparagraph (1) above shall be accompanied by a notice specifying the considerations which have led the Authority to conclude that it should give the direction. (3) The Authority shall not have power to give such a direction unless all the considerations so specified were those, or were among those, which were specified in the notice under paragraph 1 above. 4 A notice under this Schedule may be served on a member of the committee of a credit union by sending it by post to his address, or latest address, as notified to the Authority by him or by the credit union. 5 Failure to serve a notice under this Schedule on a committee member shall not affect the validity of a direction. 6 Notice of the giving of a direction shall be published by the Authority in the Gazette and in any other manner which appears to it to be necessary for informing the public.
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