Euro Changeover (Amounts) Act, 2001

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Amendment of Credit Union Act, 1997.

6.—The Credit Union Act, 1997 , is with effect from 1 January 2002, amended—

(a) in section 2(1) by the substitution for the definition of “share” of the following:

“‘share’ means in relation to a credit union, each sum of one euro standing to the credit of a member of that credit union in respect of shares in the register of members required by this Act to be kept by that credit union;”,

(b) in section 17(3) by the substitution of “€10” for “£10”,

(c) in section 21(3) by the substitution of “€13,000” for “£10,000” wherever it occurs in that subsection,

(d) in section 23(2) by the substitution of “€6,400” for “£5,000”,

(e) in section 27—

(i) by the substitution in paragraph (b) of subsection (1) of that section of “€1,250” for “£1,000”,

(ii) by the substitution in paragraph (a) of subsection (4) of that section of “€26,000” for “£20,000”, and

(iii) by the substitution in paragraph (b) of subsection (4) of that section of “€64,000” for “£50,000”,

(f) in section 28(1) by the substitution of “€1” for “£1”, and

(g) in section 35(3)(a) by the substitution of “€39,000” for “£30,000”.