[1A Common bonds appropriate to a credit union]
Credit Unions Act 1979 (1979 c 34) | Legislation

[1A  Common bonds appropriate to a credit union]

[(1)     Under the rules of the society admission to membership must be restricted to persons who fall within one or more common bonds appropriate to a credit union (whether or not any other qualifications for admission to membership are required under the rules).

(2)     The common bonds appropriate to a credit union are—

(a)     following a particular occupation;

(b)     being employed by a particular employer;

(c)     residing or being employed in a particular locality;

(d)     being a member of a bona fide organisation or being otherwise associated with other members of

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