Montana § 32-3-802 Purpose -- Membership

Montana Statutes

§ 32-3-802 — Purpose -- Membership

Montana·Title 32 FINANCIAL INSTITUTIONS·Ch. 3 CREDIT UNIONS·Part 8 Corporate Credit Unions

32-3-802 . Purpose -- membership.

(1)A corporate credit union must be operated primarily for the purpose of serving other credit unions.

(2)Membership in a corporate credit union must include credit unions organized and operating under this chapter or under any other credit union law.

(3)Membership may also include:

(a)officers, directors, committee members, and employees of credit unions; or

(b)organizations and associations of those persons or organizations enumerated in subsections (2) and (3)(a).

(4)The membership of a corporate credit union may not include more than seven natural persons as described in subsection (3)(a).

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32-3-802 . Purpose -- membership. (1) A corporate credit union must be operated primarily for the purpose of serving other credit unions.
(2) Membership in a corporate credit union must include credit unions organized and operating under this chapter or under any other credit union law.
(3) Membership may also include:
(a) officers, directors, committee members, and employees of credit unions; or
(b) organizations and associations of those persons or organizations enumerated in subsections (2) and (3)(a).
(4) The membership of a corporate credit union may not include more than seven natural persons as described in subsection (3)(a).

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