Membership shares, defined.

Checkout our iOS App for a better way to browser and research.

21-1716. Membership shares, defined.

Membership shares shall mean a balance held by a credit union and established by a member in accordance with standards specified by the credit union. Each member may own only one membership share. Ownership of a membership share shall represent an interest in the capital of the credit union upon dissolution or conversion to another type of institution.

Source

  • Laws 1996, LB 948, § 16.


Download our app to see the most-to-date content.