Hong Kong Ordinances

CREDIT UNIONS ORDINANCE - SECT 4

Memorandum of association

(1) The persons referred to in section 3 may apply for the registration of a
credit union to the Registrar.

(2) Such persons shall sign in duplicate before two witnesses (who shall not
be subscribers to the memorandum) a memorandum of association in the
prescribed form and cause both copies thereof to be filed in the office of the
Registrar.

(3) There shall be attached to the memorandum of association two copies of the
by-laws by which it is proposed that the credit union shall be governed.

(4) The persons signing the memorandum of association shall appoint a
provisional secretary, who shall hold office until a secretary of the board is
appointed under section 29.