The capital of the credit union shall consist of the payments that have been made to it by the members on their qualifying shares. A credit union shall have a lien on a member’s share and deposits and on dividends or interest payable thereon for and to the extent of any loan made by it to such member and of any dues and fines payable to it by such member.
History. Ga. L. 1925, p. 165, § 16; Code 1933, § 25-110; Code 1933, § 41A-3105, enacted by Ga. L. 1974, p. 705, § 1.
Structure Georgia Code
Chapter 1 - Financial Institutions
Part 3 - Operation and Regulation
§ 7-1-652. Joint, Minor, and Trust Shares and Deposits; Preferred Capital Base Shares
§ 7-1-654. Capital; Right to Offset Loans, Dues, and Fines
§ 7-1-660. Dividends; Interest
§ 7-1-661. Fiscal Year; Special Meetings of Members; Voting and Proxies
§ 7-1-662. Taxes to Which Subject
§ 7-1-663. Rules and Regulations of Department
§ 7-1-664. Credit Union Equipment, Operations, and Locations
§ 7-1-666. Deposit Insurance Requirements; Public Notices When Deposits Not Properly Insured
§ 7-1-668. Conversion of State and Federal Credit Unions