|
|
|
Referral to another credit union
|
| |
26. The Principal Act is amended by the insertion of the following section after section 51:
|
|
| |
“51A. (1) Where the rules of a credit union so provide, the credit union may refer a member of the credit union (in this section referred to as the ‘referring credit union’) to another credit union (in this section referred to as the ‘receiving credit union’) for the purpose of the provision by the receiving credit union of a service to the member of the referring credit union.
|
|
| |
(2) Where a member of a referring credit union is referred in accordance with subsection (1)—
|
|
| |
(a) the receiving credit union may provide the service in respect of which the referral is made to the member concerned, and
|
|
| |
(b) the member concerned shall be deemed, for the purpose only of the provision of the service concerned, to be a member of the receiving credit union for the period during which the service is provided.”.
|
