Skip to main content
Find a Lawyer

Nevada Revised Statutes Title 55. Banks and Related Organizations § 672.510. Eligibility for membership

Current as of January 01, 2025 | Updated by Findlaw Staff

1. The membership of a particular credit union shall be limited to the subscribers to the articles of incorporation and such other persons who have:

(a) The common bond set forth in the bylaws;

(b) Paid the entrance fee provided in the bylaws;

(c) Subscribed for one or more shares and have paid the initial installment thereon; and

(d) Complied with other requirements specified in the articles of incorporation or bylaws.

2. The common bond required for membership in credit unions organized under the provisions of this chapter may include, but are not limited to persons who:

(a) Have a similar occupation, association or interest;

(b) Reside within an identifiable neighborhood, community or rural district; or

(c) Are employed by the same employer,

and members of the immediate families of such persons.

3. Any member of a credit union who loses the bond that is characteristic of all other members may be permitted to retain his or her membership in the credit union at the discretion of the board of directors.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Nevada Revised Statutes Title 55. Banks and Related Organizations § 672.510. Eligibility for membership - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-55-banks-and-related-organizations/nv-rev-st-672-510/

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.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard