Current through the 2023 Regular Session
Section 32-3-802 - Purpose - membership(1) A corporate credit union must be operated primarily for the purpose of serving other credit unions.(2) Membership in a corporate credit union must include credit unions organized and operating under this chapter or under any other credit union law.(3) Membership may also include: (a) officers, directors, committee members, and employees of credit unions; or(b) organizations and associations of those persons or organizations enumerated in subsections (2) and (3)(a).(4) The membership of a corporate credit union may not include more than seven natural persons as described in subsection (3)(a).En. 14-669 by Sec. 69, Ch. 38, L. 1975; R.C.M. 1947, 14-669; amd. Sec. 2, Ch. 66, L. 1993.