Hong Kong Ordinances

CREDIT UNIONS ORDINANCE - SECT 2

Interpretation

In this Ordinance, unless the context otherwise requires-

"board" (董事會) means a board of directors of a credit union constituted
under section 28;

"by-laws" (章程) means the by-laws made in accordance with Part VII and
approved by the Registrar under subsection (3) of section 5 or the by-laws

(if any) prescribed under section 85;

"credit union" (儲蓄互助社) means a credit union registered under this
Ordinance;

"director" (董事) means a director of a board;

"financial year" (財政年度) means the twelve months ending on the 31st day
of March in any year or on such other annual date as may be provided in the
by-laws;

"League" (協會) means the Credit Union League of Hong Kong incorporated
under Part XI;

"officer" (高級人員) and "officer of a credit union"
(儲蓄互助社的高級人員) mean any of the persons specified in
section 30;

"Registrar" (註冊官) means the Registrar of Credit Unions appointed under
section 82;

"share" (股份) means, in relation to a credit union, each sum of five
dollars standing to the credit of a member in the accounts of that credit 
union;

"share balance" (股份結餘) means the total value of all-

   (a)  fully paid up shares; and

   (b)  instalments paid in respect of other shares, appearing for the time
        being in the accounts of a credit union;

"treasurer" (司庫) means the person appointed under section 29 as treasurer
or as treasurer and secretary of a board.

"board" (董事會)

"by-laws" (章程)

"credit union" (儲蓄互助社)

"director" (董事)

"financial year" (財政年度)

"League" (協會)

"officer" (高級人員) and "officer of a credit union"
(儲蓄互助社的高級人員)

"Registrar" (註冊官)

"share" (股份)

"share balance" (股份結餘)

"treasurer" (司庫)