Credit Unions Act 1979
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
5A Corporate members
(1) A credit union may admit bodies corporate as members if its rules so provide. (2) The number of corporate members of a credit union shall not at any time exceed ten per cent of the total number of members of the credit union or such higher percentage as may be specified. (3) The number of shares allotted to corporate members of a credit union shall not at any time exceed twenty-five per cent of the total shares allotted to all members of the credit union or such higher percentage as may be specified. (4) For the purpose of subsection (3) above, the total shares allotted to all members of the credit union shall be that found in the most recent year-end balance sheet submitted to the appropriate authority. (5) In this section— (a) “specified” means specified by order made by the Treasury; (b) “shares” means shares other than deferred shares. (6) In this Act “corporate member”, in relation to a credit union, means— (a) a body corporate which is a member of the credit union; (b) an individual who is a member of the credit union in his capacity as a partner in a partnership; or (c) an individual who is a member of the credit union in his capacity as an officer or member of the governing body of an unincorporated association.
5A Corporate members
(1) A credit union may admit bodies corporate as members if its rules so provide. (2) The number of corporate members of a credit union shall not at any time exceed ten per cent of the total number of members of the credit union or such higher percentage as may be specified. (3) The number of shares allotted to corporate members of a credit union shall not at any time exceed twenty-five per cent of the total shares allotted to all members of the credit union or such higher percentage as may be specified. (4) For the purpose of subsection (3) above, the total shares allotted to all members of the credit union shall be that found in the most recent year-end balance sheet submitted to the appropriate authority. (5) In this section— (a) “specified” means specified by order made by the Treasury; (b) “shares” means shares other than deferred shares. (6) In this Act “corporate member”, in relation to a credit union, means— (a) a body corporate which is a member of the credit union; (b) an individual who is a member of the credit union in his capacity as a partner in a partnership; or (c) an individual who is a member of the credit union in his capacity as an officer or member of the governing body of an unincorporated association.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.