Search Legislation

The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011

 Help about what version

What Version

  • Latest available (Revised)
  • Original (As made)
 Help about opening options

Opening OptionsExpand opening options

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Common bonds

This section has no associated Explanatory Memorandum

12.—(1) Section 1(1) (registration under the Industrial and Provident Societies Act 1965) is amended as follows.

(2) For subsection (2)(b) substitute—

(b)that the requirements of section 1A (common bonds appropriate to a credit union) and, where applicable, section 1B (further requirements where common bond relates to locality) are met.

(3) After subsection (3) insert—

(3ZA) In subsection (3) above references to members do not include corporate members. 

(4) Omit subsections (3A) to (6).

(1)

Section 1 was amended by S.I. 1996/1189, S.I. 2001/2617, S.I. 2002/1501 and S.I. 2003/256.

Back to top

Options/Help