Nebraska Statutes

§ 21-1716 — Membership shares, defined

Nebraska·Ch. 21 Corporations and Other Companies
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.

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Legislative History

Source: Laws 1996, LB 948, § 16.

Nearby Sections

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