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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The name of a District credit union shall include the phrase “credit union”. No District credit union may adopt a name identical to the name of any other federal or foreign credit union doing business in the District, or a name similar to the name of any federal or foreign credit union doing business in the District that will be misleading or cause confusion.
(b) No person, other than a District credit union, a federal credit union, a foreign credit union, an association of credit unions, or an organization or corporation whose membership or ownership is limited to credit unions or credit union organizations may:
(1) Use a name or title containing the phrase “credit union” or any derivation thereof;
(2) Represent itself as a credit union; or
(3) Conduct business as a credit union.
Cite this article: FindLaw.com - District of Columbia Code Division V. Local Business Affairs § 26-502.05. Name of District credit union. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-v-local-business-affairs/dc-code-sect-26-502-05/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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