§ 32704. Limitation on loans to and investments in a CUSO
§ 32704. Limitation on loans to and investments in a CUSO (a) A credit union may invest its funds in or make loans to a CUSO, provided the total of any such investment in or loan to any one CUSO does not exceed two percent of the total paid-in and unimpaired capital and surplus and […]
§ 32705. Investing in, lending to, or joining an existing CUSO
§ 32705. Investing in, lending to, or joining an existing CUSO (a) Subject to the limitations of section 32704 of this title, a credit union may invest its funds in, join, or lend to an existing CUSO. The credit union shall file with the Commissioner prior written notice of its intention to make such investment […]
§ 32706. Customer base
§ 32706. Customer base A credit union may organize, invest in, or lend to a CUSO only if the credit union service organization primarily serves credit unions, its membership, or the membership of credit unions contracting with the CUSO. (Added 2005, No. 16, § 1, eff. July 1, 2005.)
§ 32401. Authority
§ 32401. Authority No credit union shall make member business loans unless it has complied with the provisions of this subchapter and such rules adopted by the Commissioner. (Added 2005, No. 16, § 1, eff. July 1, 2005.)
§ 32402. Commissioner approval
§ 32402. Commissioner approval A credit union shall obtain the written approval of the Commissioner prior to engaging in the business of making member business loans. (Added 2005, No. 16, § 1, eff. July 1, 2005.)
§ 32205. Payable on death accounts
§ 32205. Payable on death accounts The provisions of section 14205 of this title governing payable on death accounts shall apply to credit unions in the same manner as they apply to financial institutions as defined in subdivision 11101(32) of this title. (Added 2005, No. 16, § 1, eff. July 1, 2005.)
§ 32206. Deposits of minors; exemption from trustee process
§ 32206. Deposits of minors; exemption from trustee process The provisions of section 14206 of this title governing deposits of minors and exemption from trustee process shall apply to credit unions in the same manner as they apply to financial institutions as defined in subdivision 11101(32) of this title. (Added 2005, No. 16, § 1, […]
§ 32207. Provisions when title to deposit is litigated
§ 32207. Provisions when title to deposit is litigated The provisions of section 14207 of this title relating to when title to a deposit is litigated shall apply to credit unions in the same manner as they apply to financial institutions as defined in subdivision 11101(32) of this title. (Added 2005, No. 16, § 1, […]
§ 32208. Real estate trust and escrow
§ 32208. Real estate trust and escrow The provisions of section 14210 of this title governing pooled real estate trust and escrow accounts shall apply to credit unions in the same manner as they apply to financial institutions as defined in subdivision 11101(32) of this title. (Added 2005, No. 16, § 1, eff. July 1, […]
§ 32209. Claims not clearly consistent
§ 32209. Claims not clearly consistent The provisions of section 14211 of this title governing claims not clearly consistent with the terms of any applicable authority on file with the credit union shall apply to credit unions in the same manner as they apply to financial institutions as defined in subdivision 11101(32) of this title. […]