SCHEDULES
SCHEDULE 4Consequential amendments
Part 1Amendments of the Credit Unions Act 1979
6
1
Section 6 (minimum number of members) is amended as follows.
2
In subsection (1), omit the words from “and, accordingly” to the end.
3
After that subsection insert—
1A
Accordingly, references in the following provisions to 3 members are to be read as 21 members—
a
section 3(1)(a)(i) of the 2014 Act as it applies to an application for registration as a credit union;
b
section 5(3)(b) of that Act as it applies to the cancellation of a credit union's registration;
c
section 115(2) as it applies to the conversion of a company into a credit union.