{
  "url": "https://openlegislation.uk/credit-unions-northern-ireland-order-1985/article-69",
  "json_url": "https://openlegislation.uk/credit-unions-northern-ireland-order-1985/article-69.json",
  "legislation": "nisi/1985/1205",
  "legislation_title": "The Credit Unions (Northern Ireland) Order 1985",
  "legislation_url": "https://openlegislation.uk/credit-unions-northern-ireland-order-1985",
  "path": "article/69",
  "kind": "article",
  "number": "69",
  "heading": "Liability of members in winding-up",
  "text": "Where a credit union is wound up by virtue of Article 68(a), the liability of a present or past member of the credit union to contribute for payment of the debts and liabilities of the credit union, the expenses of winding-up, and the adjustment of the rights of contributories amongst themselves, shall be qualified as follows, that is to say—\n(a) no person who ceased to be a member not less than one year before the beginning of the winding-up shall be liable to contribute;\n(b) no person shall be liable to contribute in respect of any debt or liability contracted after he ceased to be a member;\n(c) no person who is not a member shall be liable to contribute unless it appears to the court that the contributions of the existing members are insufficient to satisfy the just demands on the credit union;\n(d) no contribution shall be required from any person exceeding the amount, if any, unpaid on the shares in respect of which he is liable as a past or present member;\n(e) in the case of a share which has been withdrawn, a person shall be taken to have ceased to be a member in respect of that share as from the date of the notice of application for withdrawal.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisi/1985/1205/article/69",
    "retrieved_at": "2026-10-29T04:48:49.006835+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."
}