Credit Union Act, 1966

SCHEDULE.

Section 37 .

Part I—Amendments of the Principal Act.

(1)

(2)

Section

How amended

Section 4

By the substitution in paragraph (a) of “one thousand pounds” for “two hundred pounds”.

Section 5

By the insertion in paragraph (1) after “seven persons at least” of “none of whom, in the case of a credit union, is less than twenty-one years of age”.

Section 23

By the insertion in subsection (2) after “shares” of “deposits, dividends or interest on deposits”.

Section 25 (inserted by section 5 of the Act of 1913)

By the substitution in subsection (1) and (3) of “one thousand pounds” for “one hundred pounds” in each place where it occurs.

Section 26

By the substitution in subsection (1) (inserted by section 5 of the Act of 1913) of “one thousand pounds” for “two hundred pounds”.

Section 27

By the substitution in subsection (1) of “five hundred pounds” for “one hundred pounds”.

Section 28 (inserted by section 6 of the Act of 1913)

By the deletion of the whole section.

Section 53

By the insertion after subsection (2) of the following subsection:

“(3) Notwithstanding subsections (1) and (2) of this section, a credit union shall not amalgamate with or transfer its engagements to any other registered society unless that society is a credit union the members of which have the same common bond as have the members of the first-mentioned credit union”.

Part II—Amendments of the Friendly Societies Act, 1896.

(1)

Section

(2)

How amended

Section 6

By the insertion after “Parliament” of the following: “The report required by this section shall include particulars relating to credit unions and, in particular, a list of all statutory instruments in operation at the end of the year in question together with explanatory notes regarding such instruments and a copy of such particulars shall be sent free of charge on request to any credit union in the State.”

Section 8

By the substitution in the proviso to paragraph (1) of “one thousand pounds” for “three hundred pounds” (inserted by section 2 of the Friendly Societies (Amendment) Act, 1953 (No. 28 of 1953)).

Section 41

By the substitution in subsection (1) of “one thousand pounds” for “three hundred pounds” (inserted by section 3 of the Friendly Societies Act, 1908 (1908, c.32)).

Section 56

By the substitution in subsection (1) of “one thousand pounds” for “three hundred pounds” (inserted by section 3 of the Friendly Societies (Amendment) Act, 1953 ).

Section 57

By the substitution in subsection (1) of “one thousand pounds” for “three hundred pounds” (inserted by section 4 of the Friendly Societies (Amendment) Act, 1953 ).

Section 58

By the substitution in subsection (1) of “five hundred pounds” for “three hundred pounds” (inserted by section 5 of the Friendly Societies (Amendment) Act, 1953 ).

Section 59

By the deletion of the whole section.

Section 62

By the substitution of “twenty pounds” for “six pounds” and “thirty pounds” for “ten pounds”.

Section 65

By the substitution in subsection (1) of “twenty pounds” for “six pounds” and “thirty pounds” for “ten pounds”.

Part III—Amendment of the Insurance Act, 1936 .

(1)

Section

(2)

How amended

Section 51

By the substitution of the following for paragraphs (a), (b) and (c) of subsection (2):

“(a) if such child dies under the age of five years, the sum of twenty pounds, or

(b) if such child dies aged five years or more, but less than ten years, the sum of thirty pounds”.