Limit on shares
This section has no associated Explanatory Memorandum
2. In Article 14(3) of the Credit Unions (Northern Ireland) Order 1985 (which provides that a member of a credit union shall not have or claim any interest in the shares of a credit union exceeding the greater of £10,000 and 1.5 per cent of the total shareholdings in the credit union(1)), for “£10,000”(2) there shall be substituted “£15,000”.
(1)
As amended by S.I. 1997/2984 (N.I. 22)
(2)
As substituted by S.R. 1993 No. 428