# Credit Unions Act 1979, Paragraph 3

Extent: E+W+S

(1) On giving such a direction the Authority shall serve the direction on the credit union and shall serve on every member of its committee a notice of the giving of the direction.
(2) The direction and notices served in accordance with subparagraph (1) above shall be accompanied by a notice specifying the considerations which have led the Authority to conclude that it should give the direction.
(3) The Authority shall not have power to give such a direction unless all the considerations so specified were those, or were among those, which were specified in the notice under paragraph 1 above.

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Source: https://www.legislation.gov.uk/ukpga/1979/34/schedule/2/paragraph/3 (the official version)
Page: https://openlegislation.uk/credit-unions-act-1979/schedule-2/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.