Credit Union (Amendment) Act 2023

Amendment of section 15 of Principal Act (rules to bind members)

8. Section 15 of the Principal Act is amended—

(a) in subsection (1)—

(i) in paragraph (a), by the substitution of “subscribed the member’s name and affixed the member’s seal” for “subscribed his name and affixed his seal”, and

(ii) in paragraph (b), by the substitution of “claiming through the member” for “claiming through him”,

and

(b) in subsection (2)—

(i) by the substitution of “without the member’s consent” for “without his consent”,

(ii) by the substitution of “after they became a member” for “after he became a member”,

(iii) in paragraph (a)—

(I) by the substitution of “requires the member to subscribe” for “requires him to subscribe”, and

(II) by the substitution of “held by the member” for “held by him”,

(iv) in paragraph (b), by the substitution of “requires the member to pay” for “requires him to pay”, and

(v) in paragraph (c), by the substitution of “increases the member’s liability” for “increases his liability”.