Jennifer Carroll MacNeill (Dún Laoghaire, Fine Gael) | Oireachtas source

I move amendment No. 46:

In page 22, between lines 17 and 18, to insert the following:

“Amendment of section 129 of Principal Act (transfer of engagements between credit

unions)

53. Section 129 of the Principal Act is amended by the substitution of the following

subsection for subsection (1):

“(1) Subject to compliance with section 130—

(a) a credit union, other than a corporate credit union, may transfer its

engagements to another credit union which, in accordance with this

section, undertakes to fulfil the engagements, and

(b) a corporate credit union may transfer its engagements to another

corporate credit union which, in accordance with this section,

undertakes to fulfil the engagements.”.”.