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AI Summary of Third Schedule Credit Committee, Credit Control Committee and Membership Committee

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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 11 October 2013 - onwards
Version 3 of 3

Third Schedule Credit Committee, Credit Control Committee and Membership Committee

Section 67.

1. [deleted]

2. A credit committee, credit control committee and membership committee shall -

(a) meet as often as necessary to carry out their functions;

(b) submit a written report to the board of directors at each meeting of the board; and

(c) comply with any instruction of the board of directors.

3. A credit committee shall have not less than three members and a member of the credit control committee, the credit control officer or a credit officer shall not be eligible for membership.

4. A credit control committee shall have not less than three members and a member of the credit committee, the credit control officer or a credit officer shall not be eligible for membership.

5. A membership committee shall have not less than one member.

6. [deleted]

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