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Article 11 - Credit Unions
Article 11 - Credit Unions
450 - Incorporation; Organization Certificate.
450-A - Designation of Low Income Credit Union.
450-B - Designation of Student Branches.
451 - Proposed Bylaws.
451-A - Qualifications for Membership.
452 - When Corporate Existence Begins; Conditions Precedent to Commencing Business.
453 - Corporate Credit Unions.
454 - General Powers.
455 - Trust Powers.
456 - Limitations Upon Powers.
457 - Capital.
458-A - Maintenance of Reserves.
459 - Allowance for Loan Loss.
460 - Dividends to Shareholders; Conditions Precedent.
461 - Change of Location; Estblishment of Stations; Extension or Revival of Corporate Existence.
462 - Foreign Credit Unions.
463 - Exemptions and Individual Liability of Shareholders.
464 - Manner of Withdrawal; Expulsion or Suspension of Members; Effect Upon Liabilities to Credit Unions.
465 - Withdrawal of Shares After Voting to Liquidate; Notices to Shareholders.
466 - Meetings of Shareholders; Voting.
467 - Qualifications and Disqualifications of Directors and Committee Members.
468 - Oaths of Directors; Officers and Members of Committees.
469 - Vacancies; Change in Number of Directors.
470 - Powers and Duties of Directors; Not Entitled to Compensation; Disqualification of Directors.
471 - Duty of Directors and Officers.
472 - Special Duties of Directors.
473 - Loan Officers, Credit Committee; Duties.
474 - Loan Reports to Directors.
475 - Supervisory Committee; Powers and Duties.
476 - Officers; Powers and Duties.
477 - Retirement and Insurance Benefits for Officers and Employees.
478 - Amendment of Bylaws; Approval of Superintendent.
479 - Credit Union Not Liable for Taxation.
480 - Fiscal Year.
481 - Communications From Department of Financial Services Must Be Submitted to Directors and Supervisory Committee, and Noted in the Minutes.
482 - Reports to Superintendent; Penalty for Failure to Make.
483 - Penalty for Loans to Non-Members; Recovery.
484 - Penality for Use of Term "Credit Union".
485 - Entries in Books; Preservation of Records.
486 - Conversion of a Federal Credit Union Into a State Credit Union.
486-A - Retention of Special Additional Mortgage Recording Tax Exemption for Converted Federal Credit Unions.
487 - Conversion of a Credit Union Into a Federal Credit Union.
487-A - Conversion of a Credit Union Into a Mutual Savings Bank.