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Amendment of section 76 of Principal Act (inspection of books)
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41.Section 76 of the Principal Act is amended—
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(a) by the deletion of subsection (2), and
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(b) by the substitution of the following subsection for subsection (4):
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“(4) Subject to subsection (5), on the application of—
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(a) in the case of a credit union other than a corporate credit union, 30 members of the credit union, and
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(b) in the case of a corporate credit union, one or more members of the credit union holding or together holding not less than 10 per cent of the shares in the credit union,
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the Bank may appoint an accountant to inspect and report on the books and documents of the credit union.”.
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