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Montana Title 32. Financial Institutions § 32-3-802. Purpose--membership

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(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).

Cite this article: - Montana Title 32. Financial Institutions § 32-3-802. Purpose--membership - last updated April 27, 2021 |

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