Hong Kong Ordinances Hong Kong Ordinances
- CHAPTER 119
TABLE OF PROVISIONS
Long Title
1. Short title
2. Interpretation
3. Conditions of registration
4. Memorandum of association
5. Registration
6. Incorporation with limited liability; and effect thereof
7. Restriction on name
8. Amendment of memorandum of association
9. Registered office
10. Powers
11. Capital divided into shares
12. Allotment and subscription for shares
13. Disposal of shares
14. Restriction on disposal of shares by officers, etc.
15. Membership limited to persons with common occupation, etc.
16. Admission to and conditions of membership
17. Minors
18. Expulsion of member
19. Cessation of membership
20. Payment on cessation of membership
21. Liability on cessation of membership
22. Debts owed by members or past members
23. Payment to nominee or person entitled upon death of member
24. Record of members and shares
25. Annual and special meetings
26. Voting
27. First meeting
28. Election and tenure of office of board of directors and committees
29. Meetings of board and committees, and appointment of officers and
procedure
30. Officers of a credit union
31. Composition of the committees
32. Remuneration
33. Powers and duties of the board
34. Powers and duties of supervisory committee
35. Powers and duties of credit committee
36. Approval of loans
37. Acceptable security for loans
38. Loan officers
39. Purposes of loans
40. Restrictions on loans
41. Rates of interest
42. Unanimous vote required for loans to directors or committee members
43. Borrowing powers
44. Power to mortgage, etc. as security for borrowed money
45. Reserve fund
46. Declaration, limit and payment of dividend
47. By-laws
48. Amendment of by-laws
49. Binding effect of the by-laws
50. Return of names of officers
51. Return of supervisory annual audit
52. Registrar's annual examination
53. Information for Registrar and verification thereof
54. Inquiry, examination and suspension
55. Winding-up of credit unions
56. (Repealed 35 of 1995 s. 6)
57. Credit union may resolve to be wound up
58. Cancellation of registration by Registrar
59. When order cancelling registration takes effect
60. Order for custody of books and protection of assets
61. Appointment of liquidator on, and the effect of, cancellation of
registration
61A. Liquidator's powers
61B. Power of Registrar to control liquidation
61C. Closure of liquidation
61D. Power of Registrar to surcharge officers, etc., of a credit union
62. Appeal against action of Registrar
63. Incorporation of league of credit unions
64. Objects of League
65. Vesting
66. Board of directors and officers
67. League by-laws
68. Registration with Registrar
69. Sealing and signing of documents
70. Membership
71. Levy
72. Stabilization fund
72A. Borrowing powers
72B. Power to mortgage etc. as security for borrowed money
73. Application of other sections to League
74. Saving
75. Illegal loans
76. False returns to Registrar
77. Prohibition of disclosure of certain information
78. Failure to report resolution for winding-up
79. Restriction on use of expression "credit union" or in Chinese
"儲蓄互助社"
79A. Failure to comply with Registrar's order
80. Penalty
81. Criminal liability of officers of credit union
82. Appointment of Registrar
83. Register of Credit Unions to be kept
84. Forms of records, etc.
85. Regulations
SCHEDULE
[ Note: This table has been automatically generated and may be incomplete. ]