Common bond; registered office and branches

(1) The common bond of a credit union shall be determined in its by-laws. (2) A credit union must at all times establish and maintain a registered office to which all notices and communications may be sent; the address of such office must be specified in the by- laws. (3) A credit union may, with prior approval from the Registrar, open one or more subsidiary or branch offices for its operations in Belize. (4) Where it becomes necessary to change the address of the credit union, the Registrar must be informed of any such change at least one month prior to it being made. 20 Credit Unions Act