§ 54-109.56 – Thrift accounts.
54-109.56. Thrift accounts. Christmas clubs, vacation clubs, and other thrift accounts may be operated under conditions established by the board of directors. (1975, c. 538, s. 1.)
§ 54-109.57A – Payable on Death (POD) accounts.
54-109.57A. Payable on Death (POD) accounts. (a) Shares may be issued to and deposits received from any natural person or natural persons establishing an account who shall execute a written agreement with the credit union containing a statement that it is executed pursuant to the provisions of this section and providing for the account to […]
§ 54-109.58 – Joint accounts.
54-109.58. Joint accounts. (a) Shares may be issued to and deposits received from any two or more persons opening or holding an account or accounts, but no joint tenant, unless a member in his own right, shall be permitted to vote, obtain loans, or hold office or be required to pay an entrance or membership […]
§ 54-109.59 – Liens.
54-109.59. Liens. The credit union shall have a lien on the shares, deposits and accumulated dividends or interest of a member in his individual, joint or trust account, for any sum past due the credit union from said member or for any loan endorsed by him. (1915, c. 115, s. 13; C.S., s. 5226; 1925, […]