Credit Union (Amendment) Act 2023

Amendment of section 136 of Principal Act (restriction on dissolution or cancellation of registration)

63. Section 136 of the Principal Act is amended by the substitution of the following subsection for subsection (1):

“(1) Until a certificate under this section has been lodged with the Bank—

(a) a credit union shall not be dissolved in accordance with section 135(6), and

(b) the Bank shall not cancel the registration of a credit union under section 97(2)(b).”.