Arkansas Statutes
§ 23-35-104 — Insurance of accounts
Arkansas·Title 23
(a)Each credit union organized under this chapter shall obtain insurance of member share and deposit accounts under the provisions of Title II of the Federal Credit Union Act.
(b)A credit union which has been denied a commitment for insurance of its share and deposit accounts shall either dissolve or merge with another credit union which is insured under Title II of the Federal Credit Union Act.
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Legislative History
Acts 1971, No. 132, § 2; 1975 (Extended Sess., 1976), No. 1182, § 1; A.S.A. 1947, § 67-902; reen. Acts 1987, No. 995, § 1.
Nearby Sections
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§ 23-1-101
Definitions§ 23-1-103
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Jurisdiction and venue of actions§ 23-1-110
Actions tried without jury - Exceptions§ 23-1-111
Copies of official papers as evidence§ 23-1-115
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