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The Credit Unions (Increase in Limits on Deposits by persons too young to be members and of Periods for the Repayment of Loans) Order 2001
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- UK Statutory Instruments
- 2001 No. 811
- Article 3
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Increase in limit on shareholding
3. In section 9(1) of the 1979 Act(1) for “£750” (specifying the maximum amount of the deposits which may be taken from a person who is under the age at which he may become a member of a credit union registered under the 1965 Act) there shall be substituted “£5,000”.
(1)
The sum £750 was inserted in section 9(1) by article 4 of the Credit Unions (Increase in Limits of Shareholding, of Deposits by persons too young to be members and of Loans) Order 1989 (S.I. 1989/2423).
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