§6-2103. Licenses – Requirement – Exceptions – Penalty.
(a) No person shall engage in the business of selling or issuing checks as a service or for a fee or other consideration without first securing a license to do so from the Commissioner, except that no license under this act shall be required of any agent, subagent or representative of a licensee, or employee […]
§6-2119. Giving of notice.
Except as otherwise provided in this act, whenever the Commissioner is required to give notice to any applicant or licensee, such requirement shall be complied with if, within the time fixed herein, such notice shall be enclosed in an envelope plainly addressed to such applicant or licensee, at the address set forth in the application […]
§6-2018.2. Appointment of conservator and agents – Judicial relief – Term of conservatorship – Expenses – Commissioner’s authority.
(A) The Bank Commissioner may, with the approval of the State Credit Union Board and without advance notice, self-appoint or appoint an insuring organization or any other person as conservator to immediately take possession and control of the business and assets of any credit union organized under the laws of this state in any case […]
§6-2104. Exempt transactions
A. Nothing in the Sale of Checks Act shall apply to the receipt of money by any incorporated telegraph company at any agency or office of the company for immediate transmission by telegraph, or to the receipt of money for the purpose of transmitting or transferring it to foreign countries. B. Nothing in the Sale […]
§6-2120. Rules and regulations.
The Commissioner may make and enforce such reasonable rules and regulations as are necessary for the enforcement and execution of this act. Added by Laws 1961, p. 430, § 20.
§6-2019.1. Maintenance of books, records, accounting systems and procedures – Destruction of records – Records as evidence.
(A) A credit union shall maintain all books, records, accounting systems, and procedures in accordance with such regulations as the State Credit Union Board from time to time prescribes. In prescribing such regulations, the State Credit Union Board shall consider the relative size of a credit union and its reasonable capability of compliance. (B) A […]
§6-2105. Application for license.
(a) Application for a license shall be made to the Commissioner on forms prepared by him and shall be under oath. (b) The application for a license shall: 1. State the name of the applicant and the street address of his principal office, as well as the mailing address if such mailing address is different […]
§6-2121. Penalties.
Any person who violates any provision of this act or any provision of the rules and regulations of the Commissioner is guilty of a misdemeanor, and upon conviction shall be punished by a fine of not less than the sum of One Hundred Dollars ($100.00) for each day of violation. Added by Laws 1961, p. […]
§6-2020. Special Reserve for Dormant Accounts.
Any money deposited to a member’s account which has not matured to at least an amount equal to the par value of shares as established by the credit union’s certificate of incorporation within a three-year period may be transferred to a Special Reserve for Dormant Accounts if the owner of such an account, after reasonable […]
§6-2106. Investigation of applicants.
(a) Upon the filing of an application, the Commissioner shall investigate the applicant and if he finds that the applicant is of good moral character and financially responsible and can meet the requirements of this act, he shall give notice in writing of his approval of said application to the applicant, who shall within thirty […]