Purpose – membership
(1) A corporate credit union must be operated primarily for the purpose of serving other credit unions.
(2) Membership in a corporate credit union must include credit unions organized and operating under this chapter or under any other credit union law.
(3) Membership may also include:
(a) officers, directors, committee members, and employees of credit unions; or
(b) organizations and associations of those persons or organizations enumerated in subsections (2) and (3)(a).
(4) The membership of a corporate credit union may not include more than seven natural persons as described in subsection (3)(a).
| EnactedEn. 14-669 by SectionSec. 69, ChapterCh. 38, Laws ofL. 1975 |
| Revised Codes of MontanaR.C.M. 1947, 14-669 |
| AmendedAmd. SectionSec. 2, ChapterCh. 66, Laws ofL. 1993 |