- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (01/04/2003)
- Gwreiddiol (Fel y'i Deddfwyd)
Version Superseded: 08/01/2012
Point in time view as at 01/04/2003.
There are currently no known outstanding effects for the Credit Unions Act 1979, SCHEDULE 1.
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Section 4(1).
1E+W+SThe name of the society, which shall comply with section 3(1) above and with subsections (1) and (2) of section 5 of the 1965 Act (name not to be undesirable and to end with the word “limited").
2E+W+SThe objects of the society.
3E+W+SThe place which is to be the registered office of the society to which all communications and notices to the society may be addressed.
4E+W+SThe qualifications for, and the terms of, admission to membership of the society, including any special provision for the insurance of members in relation to their shares.
5E+W+SThe mode of holding meetings, including provision as to the quorum necessary for the transaction of any description of business, and the mode of making, altering or rescinding rules.
6E+W+SThe appointment and removal of a committee, by whatever name, and of managers or other officers and their respective powers and remuneration.
7E+W+SDetermination ([F1subject to any applicable rules made by the Authority under the 2000 Act]) of the maximum amount of the interest in the shares of the society which may be held by any member.
Textual Amendments
F1Words in Sch. 1 para. 7 substituted (2.7.2002) by S.I. 2002/1501, arts. 1(1), 2(21)(a)
8E+W+SProvision for the mode of withdrawal of shares and for payment of the balance due thereon on withdrawing from the society.
9E+W+SThe mode and circumstances in which loans to members are to be made and repaid, including any special provision for the insurance of members in relation to loans made to them.
10E+W+SProvision for the custody and use of the society’s seal.
11E+W+SProvision for the audit of accounts by one or more auditors appointed by the society in accordance with the requirements of the M1Friendly and Industrial and Provident Societies Act 1968 [F2and any applicable rules made by the Authority under section 340 of the 2000 Act].
Textual Amendments
F2Words in Sch. 1 para. 11 inserted (2.7.2002) by virtue of S.I. 2002/1501, arts. 1(1), 2(21)(b)
Marginal Citations
12E+W+SProvision for the withdrawal of members from the society and for the claims of the representatives of deceased members or the trustees of the property of bankrupt members, or, in Scotland, members whose estate has been sequestrated, and for the payment of nominees.
13E+W+SProvision for terminating the membership of members in order to comply with—
F3(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b)the limit provided for in subsection (6) of section 5 above on the number of non-qualifying members of a credit union;
and for the repayment of the shares held by, and of any loans made to, a member whose membership is terminated for such a purpose.
Textual Amendments
F3Words in Sch. 1 para. 13(a) omitted (2.7.2002) by virtue of S.I. 2002/1501, arts. 1(1), 2(21)(c)
14E+W+SProvision for the dissolution of the society, including provision requiring any assets remaining after the payment of debts, repayment of share capital and discharge of other liabilities—
(a)to be transferred to another credit union; or
(b)if not so transferred, to be applied for charitable purposes.
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