Co-operative Banks Act, 2007 (Act No. 40 of 2007Chapter II : Registration, Constitution, Functions, Management and Auditor of Co-operative BankPart 1 : Application to register, name, and fit and proper requirement10. Name of co-operative bank |
| (1) | The proposed name of a co-operative bank must comply with section 10(1) of the Co-operatives Act. |
| (2) | A co-operative bank must have the words "co-operative bank" or "co-op bank" as part of its name. A co-operative bank must within one month of being registered under section 8 amend its constitution to comply with the requirements of this subsection. |
| (3) |
| (a) | A co-operative bank must, in addition to the requirements of section 10(4) of the Co-operatives Act, set out its name in legible characters on any statement, notice or advertisement. |
| (b) | A co-operative bank must indicate as which type of co-operative bank it is registered on the documents listed in paragraph (a) and in section 10(4) of the Co-operatives Act. |
| (4) | A co-operative bank may not use, or refer to itself by, a name other than the name under which it is registered or any literal translation or abbreviation of such name which has been approved by the Authority. |