Credit Union Act, 1966

Special general meeting of a credit union.

21.—(1) The board of directors or the Supervisory Committee of a credit union may, whenever they think fit, convene a special general meeting of the credit union.

(2) When not less than fifteen members of a credit union so request in a document addressed to the credit union at its registered office, a special general meeting of the credit union shall be convened by the directors and if, within one month from the date of the receipt in the registered office of such document the directors have not convened a special general meeting to be held within six weeks from the said date, any three members of the credit union acting on behalf of the said fifteen members may convene a special general meeting.

(3) Subject to subsections (1) and (2) of this section, so much of subsections (2) to (5) of section 19 , and section 20 of this Act as relates to an annual general meeting shall apply to a special general meeting as if it were an annual general meeting of the credit union.