Nevada § 672.510 Eligibility for membership

Nevada Statutes

§ 672.510 — Eligibility for membership

Nevada § 672.510

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 672Credit

MEMBERSHIP; ACCOUNTS

This text of Nevada § 672.510 (Eligibility for membership) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 672.510 (2026).

Text

1. The membership of a particular credit union shall be limited to the subscribers to the articles of incorporation and such other persons who have:

(a)The common bond set forth in the bylaws;

(b)Paid the entrance fee provided in the bylaws;

(c)Subscribed for one or more shares and have paid the initial installment thereon; and

(d)Complied with other requirements specified in the articles of incorporation or bylaws. 2. The common bond required for membership in credit unions organized under the provisions of this chapter may include, but are not limited to persons who:

(a)Have a similar occupation, association or interest;

(b)Reside within an identifiable neighborhood, community or rural district; or

(c)Are employed by the same employer, Ê and members of the immediate families of su

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1. The membership of a particular credit union shall be limited to the subscribers to the articles of incorporation and such other persons who have:
(a) The common bond set forth in the bylaws;
(b) Paid the entrance fee provided in the bylaws;
(c) Subscribed for one or more shares and have paid the initial installment thereon; and
(d) Complied with other requirements specified in the articles of incorporation or bylaws.
2. The common bond required for membership in credit unions organized under the provisions of this chapter may include, but are not limited to persons who:
(a) Have a similar occupation, association or interest;
(b) Reside within an identifiable neighborhood, community or rural district; or
(c) Are employed by the same employer,
Ê and members of the immediate families of such persons.
3. Any member of a credit union who loses the bond that is characteristic of all other members may be permitted to retain his or her membership in the credit union at the discretion of the board of directors.