Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Extra - Title Notes - Enactment. Unless otherwise noted, the provisions of Title 17 were...
Extra - Appendix To Title - APPENDIX TO TITLE 17 ADMINISTRATIVE LAW AND PROCEDURE Supplementary Provisions...
Chapter 1 - Preliminary Provisions
Extra - Chapter Notes - Enactment. Chapter 1 was added December 19, 1990, P.L.834, No.198,...
Section 101 - Short title of title - § 101. Short title of title. This title shall be...
Section 102 - Application of title - This title applies to and the term "credit union" in...
Section 103 - Definitions - The following words and phrases when used in this title...
Section 104 - Prohibition on use of words "credit union." - (a) General rule.--Only a credit union subject to this title,...
Chapter 3 - Incorporation
Extra - Chapter Notes - Enactment. Chapter 3 was added December 19, 1990, P.L.834, No.198,...
Section 301 - Purposes - (a) General rule.--A credit union may be incorporated under this...
Section 302 - Number and qualifications of incorporators - § 302. Number and qualifications of incorporators. (a) General rule.--A...
Section 303 - Articles of incorporation - (a) General rule.--Articles of incorporation shall be signed by each...
Section 304 - Department consideration of articles - (a) General rule.--The articles of incorporation and two copies of...
Section 305 - Bylaws - (a) General rule.--The original bylaws of a credit union shall...
Chapter 5 - Corporate Powers, Duties and Safeguards
Extra - Chapter Notes - Enactment. Chapter 5 was added December 19, 1990, P.L.834, No.198,...
Section 501 - Powers - (a) General rule.--A credit union shall have the following general...
Section 502 - Powers of central or corporate credit unions - § 502. Powers of central or corporate credit unions. (a)...
Section 503 - Regulation by department - § 503. Regulation by department. (a) General rule.--Credit unions shall...
Section 504 - Fiscal year - § 504. Fiscal year. The fiscal year of all credit...
Section 505 - Capital and shares - § 505. Capital and shares. (a) General rule.--The capital of...
Section 506 - Joint accounts - § 506. Joint accounts. (a) General rule.--Whenever shares of a...
Section 507 - Minority and trust accounts - § 507. Minority and trust accounts. (a) General rule.--Shares may...
Section 508 - Estate accounts - § 508. Estate accounts. (a) General rule.--In the absence of...
Section 509 - Fees and charges - (a) Entrance fees.--A credit union may charge an entrance fee...
Section 510 - Loan interest - (a) General rule.--Interest rates on loans made by a credit...
Section 511 - Power to borrow - (a) General rule.--A credit union may borrow from any source...
Section 512 - Loans - (a) Loans to members only.--Except as otherwise provided in this...
Section 513 - Reserves - § 513. Reserves. (a) General rule.--Each credit union shall establish...
Section 514 - Dividends - (a) General rule.--The board of directors of a credit union...
Section 515 - Rights and liabilities of terminating members - § 515. Rights and liabilities of terminating members. All amounts...
Section 516 - Adverse claims - § 516. Adverse claims. (a) General rule.--Notice to a credit...
Section 517 - Taxation - § 517. Taxation. A credit union incorporated under or subject...
Chapter 7 - Members, Directors and Officers
Extra - Chapter Notes - Enactment. Chapter 7 was added December 19, 1990, P.L.834, No.198,...
Section 701 - Membership - (a) General rule.--Credit union organizations shall be limited to groups...
Section 702 - Meetings - § 702. Meetings. The annual meeting shall be held at...
Section 703 - Voting rights and procedures - § 703. Voting rights and procedures. At all meetings a...
Section 704 - Notice to members - (a) General rule.--All notices required by this title to be...
Section 705 - Expulsion, suspension and withdrawal - (a) Expulsion.--Unless otherwise provided in the credit union's bylaws: (1)...
Section 706 - Election of directors and credit and supervisory committee members - § 706. Election of directors and credit and supervisory committee...
Section 707 - Duties of directors generally - § 707. Duties of directors generally. (a) General rule.--The directors...
Section 708 - Officers - § 708. Officers. At their organizational meeting and within 30...
Section 709 - Compensation of directors and officers - § 709. Compensation of directors and officers. Members of the...
Section 710 - Executive committee - § 710. Executive committee. The directors may appoint from their...
Section 711 - Procedures for approving service by certain persons - § 711. Procedures for approving service by certain persons. (a)...
Section 712 - Indemnification and exoneration from liability of directors and officers - § 712. Indemnification and exoneration from liability of directors and...
Section 713 - Loan procedures - § 713. Loan procedures. (a) Credit committee.--If the bylaws provide...
Section 714 - Annual audit - § 714. Annual audit. (a) Supervisory committee.--If the bylaws of...
Section 715 - Actions by members to enforce a secondary right - § 715. Actions by members to enforce a secondary right....
Chapter 9 - Amendment of Articles
Extra - Chapter Notes - Enactment. Chapter 9 was added December 19, 1990, P.L.834, No.198,...
Section 901 - Procedure for amendment of articles - The articles of incorporation may be amended at any regular...
Section 902 - Articles of amendment - § 902. Articles of amendment. The articles of amendment shall...
Section 903 - Filing and review of articles of amendment - § 903. Filing and review of articles of amendment. (a)...
Section 904 - Place of business - § 904. Place of business. (a) Change in principal place...
Chapter 11 - Conversion, Merger and Consolidation
Extra - Chapter Notes - Enactment. Chapter 11 was added December 19, 1990, P.L.834, No.198,...
Section 1101 - Conversion into Federal credit union - (a) General rule.--A credit union may be converted into a...
Section 1102 - Conversion from Federal credit union - § 1102. Conversion from Federal credit union. (a) General rule.--A...
Section 1103 - Merger and consolidation authorized - § 1103. Merger and consolidation authorized. (a) General rule.--A credit...
Section 1104 - Adoption of plan - (a) General rule.--The board of directors of each of the...
Section 1105 - Articles of merger or consolidation - § 1105. Articles of merger or consolidation. (a) General rule.--Upon...
Section 1106 - Supervisory mergers or consolidations by department - § 1106. Supervisory mergers or consolidations by department. Notwithstanding any...
Chapter 13 - Dissolution
Extra - Chapter Notes - Enactment. Chapter 13 was added December 19, 1990, P.L.834, No.198,...
Section 1301 - Dissolution authorized - § 1301. Dissolution authorized. Any credit union may elect to...
Section 1302 - Approval of voluntary dissolution - (a) General rule.--The procedure for voluntary dissolution shall be as...
Section 1303 - Dissolution proceedings - § 1303. Dissolution proceedings. (a) Collection and distribution of assets.--The...
Section 1304 - Department supervision - § 1304. Department supervision. The department shall continue to supervise...
Section 1305 - Articles of dissolution - § 1305. Articles of dissolution. (a) General rule.--When, in the...
Section 1306 - Involuntary dissolution - § 1306. Involuntary dissolution. (a) Issuance of certificate of dissolution...
Chapter 15 - Out-of-State Credit Unions
Extra - Chapter Notes - Enactment. Chapter 15 was added December 19, 1990, P.L.834, No.198,...
Section 1501 - Authorization to do business - § 1501. Authorization to do business. (a) General rule.--A credit...
Section 1502 - Covenants by applicant - § 1502. Covenants by applicant. To conduct business in this...
Section 1503 - Supervision by department - § 1503. Supervision by department. (a) General rule.--The department may...
Section 1504 - Revocation of authorization to do business - § 1504. Revocation of authorization to do business. The department...