{
  "url": "https://openlegislation.uk/credit-unions-act-1979/section-14",
  "json_url": "https://openlegislation.uk/credit-unions-act-1979/section-14.json",
  "legislation": "ukpga/1979/34",
  "legislation_title": "Credit Unions Act 1979",
  "legislation_url": "https://openlegislation.uk/credit-unions-act-1979",
  "path": "section/14",
  "kind": "section",
  "number": "14",
  "heading": "Computation and application of profits.",
  "text": "(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(4) The dividend payable on any shares of a credit union shall—\n(a) on its dissolution, not exceed a rate of 8 per cent per annum or such other rate as may be specified by order made by the Treasury; and\n(b) at any other time, not exceed that rate except to the extent that the rules of the credit union provide otherwise.\n(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 14(1)(7) omitted (2.7.2002) by virtue of S.I. 2002/1501, arts. 1(1), 2(10)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 14(2)(3)(5)(6) repealed (2.7.2002) by 2000 c. 8, ss. 338(4), 432(3), Sch. 18 Pt. V para. 25, Sch. 22; S.I. 2001/3538, art. 2(5)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "S. 14(4) substituted (8.1.2012) by The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011 (S.I. 2011/2687), arts. 1(1)(b), 21 (with arts. 25, 26)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1979/34/section/14",
    "retrieved_at": "2026-10-29T10:17:17.735910+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}