17-2205 Credit unions, fields of membership. [See Revisor’s Note]
17-2205. Credit unions, fields of membership. [See Revisor’s Note] (a) (1) The membership shall consist of the organizers and such persons, societies, associations, copartnerships and corporations as have been duly elected to membership and have subscribed to one or more shares and have paid for the same, and have complied with such other requirements as […]
17-2217 Reserve income; payments into reserve fund; rules and regulations.
17-2217. Reserve income; payments into reserve fund; rules and regulations. All entrance fees, transfer fees and charges shall, after the payment of the organization expenses, be known as reserve income, and shall be added to the reserve fund of the credit union. At the close of the fiscal year or each dividend paying period there […]
17-2205a Membership of credit union; continuation of branch operations, limitations. [See Revisor’s Note]
17-2205a. Membership of credit union; continuation of branch operations, limitations. [See Revisor’s Note] (a) (1) The membership shall consist of the organizers and such persons, societies, associations, copartnerships and corporations as have been duly elected to membership and have subscribed to one or more shares and have paid for the same, and have complied with […]
17-2218 Dividends.
17-2218. Dividends. After providing for required reserves, the board of directors may declare a dividend to be paid from the net earnings or from other funds set aside for dividends at such intervals and in such a manner as the board of directors may authorize. History: L. 1929, ch. 141, § 18; L. 1959, ch. […]
17-2206 Supervision and powers of administrator; reports, fines; examination, fees.
17-2206. Supervision and powers of administrator; reports, fines; examination, fees. (a) Credit unions shall be subject to the exclusive supervision of the administrator and shall make and keep current such books and records, prepare reports and establish plans and programs concerning the safety and soundness of the credit union as may be required by rules […]
17-2219 Expulsion of members, when; policy, notice; withdrawal of member from credit union.
17-2219. Expulsion of members, when; policy, notice; withdrawal of member from credit union. (a) Any member may be expelled from the credit union: (1) By a 2/3 vote of the members present at any regularly called meeting of the membership; or (2) in accordance with the provisions of subsection (b), by the president, general manager […]
17-2206a Undelivered funds due creditors, depositors and shareholders of defunct credit union; duties of administrator and state treasurer; undistributed assets of defunct credit unions fund.
17-2206a. Undelivered funds due creditors, depositors and shareholders of defunct credit union; duties of administrator and state treasurer; undistributed assets of defunct credit unions fund. On and after July 1, 1972, and in every case occurring heretofore and hereafter, in which funds due to creditors, depositors and shareholders on liquidation of institutions under the jurisdiction […]
17-2221 Change in place of business; how accomplished.
17-2221. Change in place of business; how accomplished. A credit union may change its place of business within this state only with the written consent of the administrator. History: L. 1929, ch. 141, § 21; L. 1968, ch. 160, § 10; March 26.
17-2207 Fiscal year; meetings.
17-2207. Fiscal year; meetings. The credit union fiscal year shall end at the close of business on December 31. The annual meeting and any special meetings of the members of the credit union shall be held in accordance with the credit union’s bylaws. History: L. 1929, ch. 141, § 7; L. 1959, ch. 117, § […]
17-2208 Officers; board of directors; committees; suspension of members, when.
17-2208. Officers; board of directors; committees; suspension of members, when. (a) Annually the members of the credit union shall elect members of a board of directors as shall be provided in the bylaws. The bylaws shall state the manner of appointment or election of a supervisory committee. If the bylaws provide for a credit committee, […]