Credit Union (Amendment) Act 2023

Amendment of section 81 of Principal Act (general meetings: adjournment, quorum and minutes)

51.Section 81 of the Principal Act is amended—

(a) in subsection (4), by the substitution of “Subject to subsections (5) and (5A)” for “Subject to subsection (5)”, and

(b) by the insertion of the following subsection after subsection (5):

“(5A) The quorum for a general meeting of a corporate credit union shall be 2 members.”.