Dáil Éireann Debate, Tuesday - 5 February 2013
257. Deputy Michael McGrath asked the Minister for Finance if, under the 1997 Credit Union Act, a nomination form signed by a member of a credit union supersedes the content of a member's will in the event of that member's death; and if he will make a statement on the matter. [5373/13]
View answer258. Deputy Michael McGrath asked the Minister for Finance the date on which the maximum amount of a credit union members savings that could be subject to a nomination form was increased from €13,000 to €23,000; if a credit union would be obliged to inform members who had a nomination form in place of such a change in the threshold. [5374/13]
View answerI propose to take Questions Nos. 257 and 258 together.
Statutory Instrument No. 546 of 2006 increased the amount of property in a credit union which a member can nominate on his or her death, from a maximum of €13,000 to a maximum of €23,000. This change came into effect on 17 October 2006. It would not be appropriate for me to comment on the other issues raised in the questions as this would involve an interpretation of the law, which is a matter for the courts.
