Alabama Statutes
§ 5-17-14 — Capital; Lien on Shares and Deposits of Members; Entrance Fee
The capital of a credit union shall consist of the payments that have been made to it by the several members thereof on shares. The credit union shall have a lien on the shares and deposits of a member for any sum due to the credit union from said member or for any loan endorsed by him. A credit union may charge an entrance fee as may be fixed by the bylaws; provided, that such entrance fee shall not exceed $1.00.
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Alabama § 5-17-14 (Capital; Lien on Shares and Deposits of Members; Entrance Fee) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Patterson v. B.F. Goodrich Employees Federal Credit Union (In Re Patterson)
125 B.R. 40 (N.D. Alabama, 1990)
In Re Patterson
967 F.2d 505 (Eleventh Circuit, 1992)
B.F. Goodrich Employees Federal Credit Union v. Patterson (In re Patterson)
967 F.2d 505 (Eleventh Circuit, 1992)
Legislative History
(Acts 1927, No. 597, p. 696; Code 1940, T. 28, §293; Acts 1971, No. 2300, p. 3711.)