Credit Union Act, 1966

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Number 19 of 1966.

CREDIT UNION ACT, 1966

ARRANGEMENT OF SECTIONS

Section
1.	Interpretation.
2.	Registration of credit unions.
3.	Application of Principal Act to credit unions and consequential provisions.
4.	Membership of a credit union.
5.	Appeal against refusal of membership of a credit union.
6.	Rules of a credit union.
7.	Keeping of books of account by a credit union.
8.	General provisions relating to shares.
9.	Receipt and withdrawal of deposits.
10.	Powers of credit union to borrow money.
11.	Loans by a credit union.
12.	Organisation meeting, election of directors, Supervisory Committee and auditors.
13.	Powers and functions of board of directors.
14.	Other provisions regarding board of directors.
15.	Remuneration.
16.	Prohibition of multiple resolutions.
17.	Powers and duties of the Supervisory Committee.
18.	Election of chairman, etc.
19.	Annual general meeting of credit union.
20.	Voting at an annual general meeting.
21.	Special general meeting of a credit union.
22.	Dividends.
23.	Reserve.
24.	Expulsion and withdrawal from credit union.
25.	Power of a credit union to effect certain insurances.
26.	Certain prohibitions on undischarged bankrupt and other persons.
27.	Credit Union Advisory Committee.
28.	Non-application of Moneylenders Acts to credit unions.
29.	Non-application of Central Bank Act, 1942, to credit unions.
30.	Use of certain words in names of credit unions.
31.	Use of words “credit union”.
32.	Pre-registration contracts.
33.	Registrar's power to petition High Court for winding up of a credit union.
34.	Prohibition on disclosure of certain information.
35.	Regulations.
36.	Non-application to credit unions of certain provisions of Principal Act.
37.	Amendment of other Acts.
38.	Expenses of Minister.
39.	Short title, commencement, construction and collective citation.

SCHEDULE

Acts Referred to
Industrial and Provident Societies (Amendment) Act, 1913	1913, c. 31
Industrial and Provident Societies Act, 1893	1893, c. 39
Central Bank Act, 1942	1942, No. 22
Statute of Limitations, 1957	1957, No. 6
Friendly Societies Act, 1896	1896, No. 25
Insurance Act, 1936	1936, No. 45
Companies Act, 1963	1963, No. 33
Friendly Societies (Amendment) Act, 1953	No. 28 of 1953

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Number 19 of 1966.

CREDIT UNION ACT, 1966

AN ACT TO PROVIDE FOR THE REGISTRATION UNDER THE INDUSTRIAL AND PROVIDENT SOCIETIES ACTS, 1893 TO 1936, OF CO-OPERATIVE SOCIETIES (TO BE KNOWN AS CREDIT UNIONS) FOR THE ENCOURAGEMENT OF THRIFT AND THE CREATION OF CREDIT, TO PROVIDE FOR THE REGULATION OF CREDIT UNIONS, TO AMEND AND EXTEND THE INDUSTRIAL AND PROVIDENT SOCIETIES ACTS, 1893 TO 1936, TO AMEND THE FRIENDLY SOCIETIES ACT, 1896 , AND THE INSURANCE ACT, 1936 , AND TO PROVIDE FOR OTHER MATTERS CONNECTED WITH THE MATTERS AFORESAID. [12th July, 1966.]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:

Credit Union Act, 1966 Permanent Page URL

Credit Union Act, 1966

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