- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (a wnaed Fel)
The Credit Unions (Northern Ireland) Order 1985, Section 32 is up to date with all changes known to be in force on or before 26 July 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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32.—(1) A credit union may acquire and hold in its own name any land for the purpose of conducting its business on the land but, subject to paragraph (2), for no other purpose, and may dispose of any such land; and—
(a)no person shall be bound to inquire as to the authority for any dealing with the land by a credit union; and
(b)the receipt of the credit union shall be a discharge for all money arising from or in connection with any dealing with land by it.
(2) A credit union may hold any estate in land so far as is necessary for the purpose of making loans to its members on the security of an estate in land and of enforcing any such security.
(3) F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F1Art. 32(3)(4) omitted (31.3.2012) by virtue of Financial Services and Markets Act 2000 (Permissions, Transitional Provisions and Consequential Amendments) (Northern Ireland Credit Unions) Order 2011 (S.I. 2011/2832), arts. 1(2), 13(18)
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