Credit Unions Act 1979
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Change 1
6 Minimum and maximum number of members.
(1) The minimum number of members of a credit union shall be twenty-one .... (1A) Accordingly, references in the following provisions to 3 members are to be read as 21 members— (a) section 3(1)(a)(i) of the 2014 Act as it applies to an application for registration as a credit union; (b) section 5(3)(b) of that Act as it applies to the cancellation of a credit union's registration; (c) section 115(2) as it applies to the conversion of a company into a credit union. (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Minimum and maximum number of members.
(1) The minimum number of members of a credit union shall be twenty-one .... (1A) Accordingly, references in the following provisions to 3 members are to be read as 21 members— (a) section 3(1)(a)(i) of the 2014 Act as it applies to an application for registration as a credit union; (b) section 5(3)(b) of that Act as it applies to the cancellation of a credit union's registration; (c) section 115(2) as it applies to the conversion of a company into a credit union. (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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