Explanation of the Credit Union Act
 |
Description
Book Introduction
“Law is a language that captures living reality.”
This sentence is the most important principle we kept in mind while writing the 『Commentary on the Credit Union Act』.
While laws provide principles and standards, they require concrete interpretation and practical application to function properly in the actual operations of unions and central associations.
This commentary has been designed to address these needs.
The Credit Union Act is a core law that stipulates the overall legal framework, including the purpose of establishing credit unions and their central associations, organizational structure, business scope, and operating methods.
Accordingly, this book covers related regulations, including the Credit Union Act, enforcement ordinance, enforcement rules, articles of incorporation, and mutual finance supervision regulations, and also organizes the latest laws, case law, authoritative interpretations, and legislative examples.
We hope this will serve as a guideline that can be immediately applied in the field.
In particular, in a rapidly changing institutional environment, including the mandatory implementation of the local cooperative consignment election system and the comprehensive revision of the Saemaul Geumgo Act, an accurate understanding and consistent interpretation of the Credit Union Act are more important than ever.
This commentary goes beyond simple legal interpretation and serves as a standard to help both the central association and the union conduct their work with legal stability and predictability.
This sentence is the most important principle we kept in mind while writing the 『Commentary on the Credit Union Act』.
While laws provide principles and standards, they require concrete interpretation and practical application to function properly in the actual operations of unions and central associations.
This commentary has been designed to address these needs.
The Credit Union Act is a core law that stipulates the overall legal framework, including the purpose of establishing credit unions and their central associations, organizational structure, business scope, and operating methods.
Accordingly, this book covers related regulations, including the Credit Union Act, enforcement ordinance, enforcement rules, articles of incorporation, and mutual finance supervision regulations, and also organizes the latest laws, case law, authoritative interpretations, and legislative examples.
We hope this will serve as a guideline that can be immediately applied in the field.
In particular, in a rapidly changing institutional environment, including the mandatory implementation of the local cooperative consignment election system and the comprehensive revision of the Saemaul Geumgo Act, an accurate understanding and consistent interpretation of the Credit Union Act are more important than ever.
This commentary goes beyond simple legal interpretation and serves as a standard to help both the central association and the union conduct their work with legal stability and predictability.
- You can preview some of the book's contents.
Preview
index
Part 1 Introduction
Part 2: Commentary by Article
Chapter 1 General Provisions
Article 1 (Purpose)
Article 2 (Definition)
Article 3 (Name, etc.)
Article 4 (Registration)
Article 5 (Cooperation with other cooperatives)
Article 6 (Relationship with other laws)
Chapter 2 Combination
Section 1 Establishment
Article 7 (Establishment)
Article 8, Article 8-2 (Authorization)
Article 9 (Joint Bonds and Offices)
Article 10 (Matters to be included in the Articles of Incorporation)
Section 2 Members and Investments
Article 11 (Qualifications of Union Members)
Article 13 (Capital)
Article 14 (Contribution, etc.)
Article 15 (Transfer)
Article 16 (Withdrawal)
Article 17 (Refund of subscriptions, etc. to members who have withdrawn or been expelled)
Article 18 (Expulsion)
Article 19 (Voting rights and election rights, etc.)
Article 20 (Responsibilities of Union Members)
Article 22 (Request for cancellation of resolution, etc.)
Section 3 Institutions
Article 23 (General Meeting)
Article 24 (Resolutions of the General Meeting, etc.)
Article 25 (Convening and Resolution of General Meeting)
Article 26 (Request for convening a general meeting)
Article 26-2 (Special provisions for general meeting resolutions)
Article 27 (Executives)
Article 27-2 (Restrictions on election campaigns by executives)
Article 27-3 (Composition and operation of the union election management committee, etc.)
Article 28 (Restrictions on Qualifications of Executives, etc.)
Article 30 (Executive Staff)
Article 30-2 (Prohibition of Bribery, etc.)
Article 31 (Term of Office, etc.)
Article 32 (Sanctions against executives who fail to fulfill obligations)
Article 33 (Responsibilities of Executives, etc.)
Article 34 (Board of Directors)
Article 35 (Convening of the Board of Directors)
Article 36 (Resolutions of the Board of Directors)
Article 37 (Duties of Auditors)
Article 38 (Audit Representative Power)
Section 4 Business
Article 39 (Types of business, etc.)
Article 40 (Use of business by non-union members)
Article 41 (Borrowing of Funds)
Article 42 (Limits on loans, etc. to the same person)
Article 43 (Repayment Reserve)
Article 44 (Management of surplus funds)
Article 45 (Restrictions on ownership of real estate)
Article 45-2 (Duty to Take Protective Measures for Customer Service Staff)
Article 45-3 (Request for interest rate reduction)
Section 5 Accounting
Article 46 (Fiscal Year)
Article 47 (Accounting and Settlement)
Article 48 (Business Plan and Budget)
Articles 49, 50, and 5-1 (Statutory reserves, voluntary reserves, and special reserves)
Articles 52 and 53 (Treatment of Losses and Distribution of Profits)
Section 6 Dissolution, Division, and Merger
Article 54 (Dissolution)
Article 55 (Merger and Division)
Section 7 Liquidation
Article 56 (Supervision of liquidation affairs)
Article 58 (Liquidation Residual Assets)
Article 57 (Liquidator), Article 59 (Duties of Liquidator, etc.)
Article 60 (Application of the Civil Act, etc.)
Chapter 3 Central Council
Section 1 Establishment and Investment
Article 61 (Establishment)
Article 62 (Members)
Article 63 (Capital and Investment)
Article 64 (Matters to be included in the Articles of Incorporation)
Article 65 (Districts, offices, etc.)
Article 66 (Membership Fees)
Article 67 (Dissolution)
Section 2 Institutions
Article 68 (General Meeting)
Article 69 (Resolutions of the General Assembly)
Article 70 (Delegates' Council)
Article 71 (Number of executives, etc.)
Article 71-2 (Appointment and Qualifications of Executives)
Article 71-3 (Personnel Recommendation Committee)
Article 72 (Duties and term of office of executives, etc.)
Article 73 (Employees)
Article 74 (Board of Directors)
Article 75 (Board of Directors Resolutions)
Article 76 (Audit Committee)
Article 76-2 (Duties of the Audit Committee, etc.)
Article 76-3 (Internal Control Standards, etc.)
Article 76-4 (Appointment of Agent)
Article 77 (Training Center)
Section 3 Business
Article 78 (Types of business, etc.)
Article 78-2 (Use of business by non-union members)
Article 79 (Management of Funds)
Article 79-2 (Application of requests for interest rate reduction)
Article 80 (Establishment of the Personnel Management Committee)
Section 4 Credit Union Depositor Protection Fund
Article 80-2 (Establishment of Credit Union Depositor Protection Fund, etc.)
Article 80-3 (Establishment and operation of funds, etc.)
Article 80-4 (Acquisition of bonds, etc.)
Article 80-5 (Exercise of right to claim damages, etc.)
Article 80-6 (Request for provision of data, etc.)
Article 80-7 (Setting of target accumulation scale of funds, etc.)
Section 5 Accounting
Article 81 (Business budget and settlement of accounts, etc.)
Article 82 (Reduction of investment amount)
Chapter 4 Director
Article 83 (Supervision by the Financial Services Commission, etc.)
Article 83-2 (Management Disclosure)
Article 83-3 (Management Soundness Standards)
Article 83-4 (Submission of business reports)
Article 83-5 (Disclosure of Operations)
Article 84 (Administrative Dispositions against Officers and Employees)
Article 84-2 (Notification of measures taken against retired executives, etc.)
Article 85 (Administrative dispositions against unions, etc.)
Articles 86 to 86-3 (Management)
Article 86-4, Article 86-5 (Transfer of Contract)
Article 88, Article 88-2 (Bankruptcy)
Article 89 (Guidance and Supervision of the Central Council)
Article 89-2 (Request for inspection by union members or unions)
Chapter 5 Miscellaneous Provisions
Article 92 (Government Cooperation, etc.)
Article 93 (Prohibition of Political Involvement)
Article 94 (Contracts with Foreign Organizations)
Article 95 (Special provisions for agricultural cooperatives, etc.)
Article 96 (Delegation of Authority)
Article 97 (Mutual aid business)
Article 98 (Hearing)
Chapter 6 Penalties
Article 99 (Penalties)
Article 100 (Double Penalty Provisions)
Article 101 (Fines)
Part 2: Commentary by Article
Chapter 1 General Provisions
Article 1 (Purpose)
Article 2 (Definition)
Article 3 (Name, etc.)
Article 4 (Registration)
Article 5 (Cooperation with other cooperatives)
Article 6 (Relationship with other laws)
Chapter 2 Combination
Section 1 Establishment
Article 7 (Establishment)
Article 8, Article 8-2 (Authorization)
Article 9 (Joint Bonds and Offices)
Article 10 (Matters to be included in the Articles of Incorporation)
Section 2 Members and Investments
Article 11 (Qualifications of Union Members)
Article 13 (Capital)
Article 14 (Contribution, etc.)
Article 15 (Transfer)
Article 16 (Withdrawal)
Article 17 (Refund of subscriptions, etc. to members who have withdrawn or been expelled)
Article 18 (Expulsion)
Article 19 (Voting rights and election rights, etc.)
Article 20 (Responsibilities of Union Members)
Article 22 (Request for cancellation of resolution, etc.)
Section 3 Institutions
Article 23 (General Meeting)
Article 24 (Resolutions of the General Meeting, etc.)
Article 25 (Convening and Resolution of General Meeting)
Article 26 (Request for convening a general meeting)
Article 26-2 (Special provisions for general meeting resolutions)
Article 27 (Executives)
Article 27-2 (Restrictions on election campaigns by executives)
Article 27-3 (Composition and operation of the union election management committee, etc.)
Article 28 (Restrictions on Qualifications of Executives, etc.)
Article 30 (Executive Staff)
Article 30-2 (Prohibition of Bribery, etc.)
Article 31 (Term of Office, etc.)
Article 32 (Sanctions against executives who fail to fulfill obligations)
Article 33 (Responsibilities of Executives, etc.)
Article 34 (Board of Directors)
Article 35 (Convening of the Board of Directors)
Article 36 (Resolutions of the Board of Directors)
Article 37 (Duties of Auditors)
Article 38 (Audit Representative Power)
Section 4 Business
Article 39 (Types of business, etc.)
Article 40 (Use of business by non-union members)
Article 41 (Borrowing of Funds)
Article 42 (Limits on loans, etc. to the same person)
Article 43 (Repayment Reserve)
Article 44 (Management of surplus funds)
Article 45 (Restrictions on ownership of real estate)
Article 45-2 (Duty to Take Protective Measures for Customer Service Staff)
Article 45-3 (Request for interest rate reduction)
Section 5 Accounting
Article 46 (Fiscal Year)
Article 47 (Accounting and Settlement)
Article 48 (Business Plan and Budget)
Articles 49, 50, and 5-1 (Statutory reserves, voluntary reserves, and special reserves)
Articles 52 and 53 (Treatment of Losses and Distribution of Profits)
Section 6 Dissolution, Division, and Merger
Article 54 (Dissolution)
Article 55 (Merger and Division)
Section 7 Liquidation
Article 56 (Supervision of liquidation affairs)
Article 58 (Liquidation Residual Assets)
Article 57 (Liquidator), Article 59 (Duties of Liquidator, etc.)
Article 60 (Application of the Civil Act, etc.)
Chapter 3 Central Council
Section 1 Establishment and Investment
Article 61 (Establishment)
Article 62 (Members)
Article 63 (Capital and Investment)
Article 64 (Matters to be included in the Articles of Incorporation)
Article 65 (Districts, offices, etc.)
Article 66 (Membership Fees)
Article 67 (Dissolution)
Section 2 Institutions
Article 68 (General Meeting)
Article 69 (Resolutions of the General Assembly)
Article 70 (Delegates' Council)
Article 71 (Number of executives, etc.)
Article 71-2 (Appointment and Qualifications of Executives)
Article 71-3 (Personnel Recommendation Committee)
Article 72 (Duties and term of office of executives, etc.)
Article 73 (Employees)
Article 74 (Board of Directors)
Article 75 (Board of Directors Resolutions)
Article 76 (Audit Committee)
Article 76-2 (Duties of the Audit Committee, etc.)
Article 76-3 (Internal Control Standards, etc.)
Article 76-4 (Appointment of Agent)
Article 77 (Training Center)
Section 3 Business
Article 78 (Types of business, etc.)
Article 78-2 (Use of business by non-union members)
Article 79 (Management of Funds)
Article 79-2 (Application of requests for interest rate reduction)
Article 80 (Establishment of the Personnel Management Committee)
Section 4 Credit Union Depositor Protection Fund
Article 80-2 (Establishment of Credit Union Depositor Protection Fund, etc.)
Article 80-3 (Establishment and operation of funds, etc.)
Article 80-4 (Acquisition of bonds, etc.)
Article 80-5 (Exercise of right to claim damages, etc.)
Article 80-6 (Request for provision of data, etc.)
Article 80-7 (Setting of target accumulation scale of funds, etc.)
Section 5 Accounting
Article 81 (Business budget and settlement of accounts, etc.)
Article 82 (Reduction of investment amount)
Chapter 4 Director
Article 83 (Supervision by the Financial Services Commission, etc.)
Article 83-2 (Management Disclosure)
Article 83-3 (Management Soundness Standards)
Article 83-4 (Submission of business reports)
Article 83-5 (Disclosure of Operations)
Article 84 (Administrative Dispositions against Officers and Employees)
Article 84-2 (Notification of measures taken against retired executives, etc.)
Article 85 (Administrative dispositions against unions, etc.)
Articles 86 to 86-3 (Management)
Article 86-4, Article 86-5 (Transfer of Contract)
Article 88, Article 88-2 (Bankruptcy)
Article 89 (Guidance and Supervision of the Central Council)
Article 89-2 (Request for inspection by union members or unions)
Chapter 5 Miscellaneous Provisions
Article 92 (Government Cooperation, etc.)
Article 93 (Prohibition of Political Involvement)
Article 94 (Contracts with Foreign Organizations)
Article 95 (Special provisions for agricultural cooperatives, etc.)
Article 96 (Delegation of Authority)
Article 97 (Mutual aid business)
Article 98 (Hearing)
Chapter 6 Penalties
Article 99 (Penalties)
Article 100 (Double Penalty Provisions)
Article 101 (Fines)
GOODS SPECIFICS
- Date of issue: September 25, 2025
- Format: Hardcover book binding method guide
- Page count, weight, size: 904 pages | 176*248*40mm
- ISBN13: 9788918916330
- ISBN10: 8918916337
You may also like
카테고리
korean
korean
![ELLE 엘르 스페셜 에디션 A형 : 12월 [2025]](http://librairie.coreenne.fr/cdn/shop/files/b8e27a3de6c9538896439686c6b0e8fb.jpg?v=1766436872&width=3840)
