32-3-802. 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).
History: En. 14-669 by Sec. 69, Ch. 38, L. 1975; R.C.M. 1947, 14-669; amd. Sec. 2, Ch. 66, L. 1993.
Structure Montana Code Annotated
Title 32. Financial Institutions
Part 8. Corporate Credit Unions
32-3-802. Purpose -- membership
32-3-803. Voting representative -- conflict of interest
32-3-804. Additional rights and powers -- department rules
32-3-805. Membership capital accounts
32-3-806. Fixed assets -- department rules
32-3-807. Corporate reserves -- department rules