Section 490.103 – Definitions; M to S.
490.103 Definitions; M to S. Sec. 103. As used in this act: (a) “Membership share” means a share of a domestic credit union equal in amount to the par value of the credit union’s shares that is credited to an account of a member by the credit union, is required as a condition of membership […]
Section 490.104 – “Credit Union”; Use in Name or Title; Restrictions; “Corporate” or “Corporate Central”; Use in Name.
490.104 “Credit union”; use in name or title; restrictions; “corporate” or “corporate central”; use in name. Sec. 104. (1) A person shall not use the words “credit union” in its name or any assumed names, unless it is 1 of the following: (a) A domestic credit union or a foreign credit union. (b) A credit […]
Section 490.105 – Domestic Credit Union; Exemption From Tax; Exception; Stock Transfer Tax.
490.105 Domestic credit union; exemption from tax; exception; stock transfer tax. Sec. 105. A domestic credit union is exempt from taxation by this state or a political subdivision of this state except property taxes on real property. The shares of a domestic credit union are not subject to a stock transfer tax when issued by […]
Section 490.201 – Administration and Supervision by Director; Annual Operating Fee; Limitation; Report Filed by Domestic Credit Union; Delinquent Fee; Waiver; Amendment to Bylaws or Certificate of Organization; Examination of Accounts, Books, and Records; “Records” Defined.
490.201 Administration and supervision by director; annual operating fee; limitation; report filed by domestic credit union; delinquent fee; waiver; amendment to bylaws or certificate of organization; examination of accounts, books, and records; “records” defined. Sec. 201. (1) The director shall administer the laws of this state relating to credit unions that are transacting business in […]
Section 490.202 – Fee, Fine, or Other Money Received or Collected by Director; Disposition; Establishment of Credit Union Regulatory Fund.
490.202 Fee, fine, or other money received or collected by director; disposition; establishment of credit union regulatory fund. Sec. 202. (1) A fee, a civil or administrative fine, or any other money received or collected by the director or the department under this act, except a fine imposed for a violation of section 217, is […]