These regulations say which standard forms must be used for a credit union’s memorandum of association and certificate of registration.
Credit Unions (Forms) Regulations(Cap. 119, section 85)[28 February 1970](Format changes—E.R. 2 of 2021) 1. Citation These regulations may be cited as the Credit Unions (Forms) Regulations. 2. Memorandum of association The memorandum of association required under subsection (2) of section 4 of the Ordinance shall be in Form 1 in the Schedule. 3. Certificate of registration The certificate of registration issued under subsection (3) of section 5 of the Ordinance shall be in Form 2 in the Schedule. Schedule Form 1[s. 4(2)] The Credit Unions Ordinance(Chapter 119) MEMORANDUM OF ASSOCIATION(Section 4) 1. The undersigned hereby apply for the registration of a Credit Union under the provisions of the Credit Unions Ordinance. 2. The membership of the Credit Union shall be limited to [describe the common bond of membership] 3. The corporate name of the Credit Union is to be 4. The capital of the Credit Union shall be unlimited in amount and shall be divided into shares of a value of five dollars each. 5. The by-laws attached to this memorandum of association shall be the by-laws of the Credit Union. 6. The provisional secretary of the Credit Union shall be 7. The names and addresses of the undersigned, the number of shares for which each has subscribed, and the relationship of each to the common bond of membership, are as follows— Signature Name Address Common Bond(Relationship) No. ofshares taken *AGE *Note: Here state the age of the first three subscribers who must be over twenty-one years of age. Dated this day of 19 . WE were personally present and saw each of the persons whose name appears as a subscriber to this memorandum and the duplicate thereof sign his name thereto. First witness— Second witness— Name Name Address Address Signature Signature . Registrar of Credit Unions _ Form 2[s. 5(3)]The Credit Unions Ordinance(Chapter 119) CERTIFICATE OF REGISTRATION(Section 5(3)) The Credit Union, having filed a duly executed Memorandum of Association, is registered under the Credit Unions Ordinance, with effect from the date hereof. Dated this day of 19 . . Registrar of Credit Unions (E.R. 2 of 2021)