Membership rights and fees, etc

(1) No person may exercise the rights of membership of a credit union unless and until the person is an active member and has paid the prescribed membership fee and has satisfied any other requirement which may be prescribed by the by-laws. (2) A credit union shall keep a register to be called “The Register of Members” in which shall be recorded– (a) the name, date of birth, address and occupation of each member, a statement of the number of shares held and the amount actually paid by him; (b) the date on which each shareholder became a member and the date, if any, on which he ceased to be a member. (3) Subject to the by-laws, joint accounts may be held by any two members or more.