§ 6-06-38 — Destruction of records

No credit union may be required to preserve and retain its records of accounts or files,
except share and deposit files, for a longer period than six years next after the first day of
January of the year following the final date of the termination of such accounts or files. No credit
union may be required to preserve and retain its share and deposit account records and files for
a longer period than two years next after the first day of January of the year following the date of
the death of the shareholder or depositholder. All credit unions shall, however, keep sufficient
records to satisfy the reporting requirements of the escheat and abandoned property laws of the
state.