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Co-operative and Community Benefit Societies Act 2014

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There are currently no known outstanding effects for the Co-operative and Community Benefit Societies Act 2014, Paragraph 16. Help about Changes to Legislation

16(1)Section 31 (interpretation etc) is amended as follows.E+W+S

(2)In subsection (1)—

(a)insert (as the first definition)—

the 2014 Act” means the Co-operative and Community Benefit Societies Act 2014;;

(b)in the definition of “credit union” for “the 1965 Act” insert “ the 2014 Act ”.

(3)In subsection (2) for the words from the beginning to “the 1965 Act” substitute “ Sections 141, 143 to 146, 148 and 149 of the 2014 Act ”.

(4)In subsection (3)—

(a)for “the 1965 Act” substitute “ the 2014 Act ”;

(b)for “sections 6, 12, 19, 21, 30 and 31.” substitute “ sections 22, 24, 26, 27, 32, 33 and 34 and paragraph 6 of Schedule 3. ”

(5)In subsection (4)—

(a)for the words from the beginning to “the 1965 Act” substitute “ The following provisions of the 2014 Act ”;

(b)at the end insert

(a)section 67(1) (society with withdrawable share capital not to carry on the business of banking);

(b)sections 77 and 78 (year of account);

(c)section 81 (duty to display latest balance sheet);

(d)section 89 (annual returns);

(e)section 90 (duty to provide copy of annual return).

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