1. The membership of a particular credit union shall be limited to the subscribers to the articles of incorporation and such other persons who have: (a) The common bond set forth in the bylaws; (b) Paid the entrance fee provided in the bylaws; (c) Subscribed for one or more shares and have paid the initial […]
1. Shares may be issued to and deposits received from a minor and such minor may withdraw the shares and deposits, including the dividends and interest thereon. For purposes of making deposits, share investments and withdrawals a minor shall be deemed of legal age. 2. A minor under 16 years of age is not entitled […]
1. Shares may be subscribed to, paid for and transferred in such manner as the bylaws may prescribe. A certificate shall not be issued to denote ownership of a share in a credit union. 2. The credit union may impress a lien on the shares, deposits, accumulated dividends or interest of a member in his […]
The real property and any tangible personal property owned by a credit union organized pursuant to this chapter or any other provision of law is subject to taxation to the same extent as other similar property is taxed. (Added to NRS by 1975, 394; A 1985, 1182)—(Substituted in revision for NRS 678.540)
1. The annual meeting and any special meetings of the members of the credit union shall be held at the time and place and in the manner indicated in the bylaws. 2. A member may not vote by proxy, but a society, association, copartnership or corporation having membership in the credit union may be represented […]
1. A credit union may receive savings deposits from its members, subject to such conditions and such return as may be established by the board. 2. Christmas clubs, vacation clubs and other thrift accounts may be operated in accordance with the provisions of the bylaws. (Added to NRS by 1975, 383)—(Substituted in revision for NRS […]
1. A credit union may enter into multiple-party accounts to the same extent that they may enter into single-party accounts. Any multiple-party account may be paid, on demand, to any one or more of the parties unless the terms of the account expressly stipulate that joint signatures are required. 2. A credit union is not […]
1. Any account payable to a trustee for another person may be paid to the trustee on demand. 2. The protection provided a credit union in subsection 1 has no bearing on the rights of parties in disputes between themselves or their successors concerning the beneficial ownership of funds in, or withdrawn from, multiple-party accounts. […]
Without qualifying any other statutory right to setoff or lien and subject to any contractual provision, when a party to a multiple-party account is indebted to a credit union, the credit union has a right to setoff against the entire amount of the account. (Added to NRS by 1975, 386)—(Substituted in revision for NRS 678.650)
