# Credit Unions Act 1979, Paragraph 14


Provision for the dissolution of the society, including provision requiring any assets remaining after the payment of debts, repayment of share capital and discharge of other liabilities—
(a) to be transferred to another credit union; or
(b) if not so transferred, to be applied for charitable purposes.

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Source: https://www.legislation.gov.uk/ukpga/1979/34/schedule/1/paragraph/14 (the official version)
Page: https://openlegislation.uk/credit-unions-act-1979/schedule-1/paragraph-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.