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The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011
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Members under 18
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8.—(1) In section 20(1) of the 1965 Act (members under 18)—
(a)omit the words “but above the age of sixteen”; and
(b)for “enjoy all the rights” to “under those rules, but” substitute—
“(a)enjoy all the rights of a member; and
(b)if between the ages of sixteen and eighteen, execute all instruments and give all receipts necessary to be executed or given under those rules,
but a person under the age of sixteen”.
(2) In section 9(2) of the 1979 Act (deposits by persons too young to be members), for “section 20 of the 1965 Act” substitute “any provision of the credit union’s rules”.
(1)
Section 20 was amended by the Family Law Reform Act 1969 (c.46), section 1 and Schedule 1, Part 1.
(2)
Section 9 was amended by S.I. 2002/1501.
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