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C-4 - Savings and Credit Unions Act
Section 6
Disposition versions
6. The founding memorandum shall be signed by at least twelve persons capable of contracting and must state
(a) the name of the proposed union;
(b) its head office;
(c) the territory or group in which the union may recruit members;
(d) the names, occupations and residence of the signatories and the number of shares subscribed for by each;
(e) the name, occupation and residence of the person appointed to act as provisional secretary of the union for the filing of the copies of the memorandum with the Minister and the calling of the organization meeting;
(f) the manner of calling such meeting;
(g) the name of the federation with which the union will be affiliated.
The memorandum shall be accompanied by a true copy of the resolution passed by the federation with which the proposed union is to be affiliated with a view to accepting such affiliation.
