Chapter 5
Credit Unions

Index of Sections

§ 19-5-1. “Credit union” defined.

§ 19-5-2. Incorporation.

§ 19-5-3. Membership of credit unions.

§ 19-5-4. Contents of bylaws.

§ 19-5-5. Shares or deposits held jointly.

§ 19-5-6. Demand deposits.

§ 19-5-7. Voting rights.

§ 19-5-8. Election and terms of directors.

§ 19-5-9. Appointments and terms of supervisory committee members.

§ 19-5-10. Credit committee.

§ 19-5-11. Duplication of office prohibited — Oaths of office — Record of qualification.

§ 19-5-12. Powers and duties of directors.

§ 19-5-13. Loan applications.

§ 19-5-14. Powers and duties of supervisory committee.

§ 19-5-15. Investment of funds — Powers.

§ 19-5-15.1. Purchase, sale and pledge of eligible obligations and assets.

§ 19-5-16. Maximum aggregate liability of one person or company.

§ 19-5-17. Compensation or loans to officers.

§ 19-5-18. Expulsion of members.

§ 19-5-19. Dividends.

§ 19-5-20. Regular reserve.

§ 19-5-21. Destruction of records.

§ 19-5-22. Tax on deposits.

§ 19-5-23. Conversion.

§ 19-5-24. Merger.

§ 19-5-25. Exercise of same powers as federal credit unions.

§ 19-5-26. Liquidity reserves.

§ 19-5-27. Interstate credit unions.

§ 19-5-28. Severability.

§ 19-5-29. Savings promotion raffle.