21-1728. Use of name exclusive; violation; penalty; injunction.
(1) No person, corporation, limited liability company, partnership, or association other than a credit union organized under the Credit Union Act or the Federal Credit Union Act or the voluntary association of credit unions, shall use a name or title containing the phrase "credit union" or any derivation thereof, represent itself as a credit union, or conduct business as a credit union.
(2) Any violation of this section shall be a Class V misdemeanor.
(3) The director may petition a court of competent jurisdiction to enjoin any violation of this section.
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