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Amendment of section 92 of Principal Act (investigations and calling of meetings)
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56.Section 92 of the Principal Act is amended, in subsection (1), by the substitution of the following paragraph for paragraph (a):
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“(a) an application is made to the Bank by—
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(i) in the case of a credit union other than a corporate credit union, not less than 30 members, and
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(ii) in the case of a corporate credit union, not less than 2 members,
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each of whom has been a member of the credit union throughout the period of 12 months ending on the date of the application, or”.
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