§31C-4-7. Calling of Special Meeting
(a) The supervisory committee by a majority vote may call a special meeting of the members to consider any violation of this chapter, the credit union's articles of incorporation or bylaws, or any practice of the credit union deemed by the supervisory committee to be unsafe or unauthorized; and may call a special meeting to […]
§31C-3-1. General Powers
In addition to the powers mentioned elsewhere in this chapter, a credit union may: (a) Enter into contracts necessary for the conduct of its business as authorized under this statute; (b) Sue and be sued; (c) Adopt, use and display a corporate seal; (d) Acquire, lease, hold, assign, sell, discount or otherwise dispose of property […]
§31C-3-2. Incidental Powers
A credit union may exercise all incidental powers that are convenient, suitable or necessary to enable it to carry out its purposes.
§31C-3-3. Advantageous Federal Powers
Unless exercise of a power is specifically denied, the commissioner may prescribe rules authorizing credit unions to exercise any of the powers conferred upon federal credit unions if the commissioner deems it appropriate for the purposes of credit unions in this state and a benefit to their members.
§31C-4-1. Membership Defined
(a) The membership of a credit union shall consist of those persons who share a common bond set forth in the bylaws, have been duly admitted members, have paid any required one-time or periodic membership fee, or both, have subscribed to one or more shares and have complied with such other requirements as the articles […]
§31C-4-2. Organizations
(a) Organizations comprised primarily of individuals who are eligible for membership in the credit union, and corporations whose total number of stockholders or whose majority stockholders are comprised primarily of such individuals, may be admitted to membership in the same manner and under the same conditions as individuals. Likewise, organizations one of whose principal functions […]
§31C-2-5. Branches and Other Service Facilities
(a) A credit union may change its principal place of business within this state upon notice to, and approval in writing of, the commissioner. (b) A credit union may maintain other service facilities and branches, including automated teller machines (ATMs), at locations other than its principal office upon notice to and approval in writing of […]
§31C-2-6. Out-of-State Credit Unions
(a) A credit union organized under the laws of another state or territory of the United States may conduct business as a credit union through a branch or service facility in this state with the approval by written order of the commissioner, provided credit unions incorporated under this chapter are allowed to do business in […]
§31C-2-7. Conducting Business Outside This State
A credit union incorporated under this chapter may conduct business outside of this state in other states or territories where it is permitted to conduct business as a credit union. The activities and records of such credit union business conducted outside this state remain fully under the jurisdiction and supervision of the commissioner. Prior to […]
§31C-2-8. Tax Exemption
(a) Any credit union organized under this or any other credit union act and all shares and deposits therein shall be exempt from all taxation now or hereafter imposed by this state or any taxing authority within this state. No law which taxes corporations in any form, or the shares or deposits thereof, or the […]