Oklahoma § 6-2007 Membership - Central credit unions.

Oklahoma Statutes

§ 6-2007 — Membership - Central credit unions.

Oklahoma § 6-2007

Title 6Banks And Trust Companies

This text of Oklahoma § 6-2007 (Membership - Central credit unions.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 6, § 6-2007 (2026).

Text

A.Credit union membership shall consist of the incorporators, and such other persons and incorporated and unincorporated organizations and their employees, as may be elected to membership. Each member shall subscribe to at least one share of the credit union’s stock and pay the entrance fee. Credit union membership shall be limited to groups having a common bond of occupation or association, which shall be limited to one of the following categories: 1. Groups that have the same common bond of occupation or association; 2. Persons or organizations within a well-defined community, neighborhood or rural district; or 3. Groups which have, as to each individual group, a common bond of occupation or association, but, as to all such groups, need not have the same common bond of occupation or ass

Free access — add to your briefcase to read the full text and ask questions with AI

A. Credit union membership shall consist of the incorporators, and such other persons and incorporated and unincorporated organizations and their employees, as may be elected to membership. Each member shall subscribe to at least one share of the credit union’s stock and pay the entrance fee. Credit union membership shall be limited to groups having a common bond of occupation or association, which shall be limited to one of the following categories: 1. Groups that have the same common bond of occupation or association; 2. Persons or organizations within a well-defined community, neighborhood or rural district; or 3. Groups which have, as to each individual group, a common bond of occupation or association, but, as to all such groups, need not have the same common bond of occupation or association as other groups within the credit union. B. A central credit union may be organized to which members of existing credit unions operating in accordance with the law of the State of Oklahoma, or of the United States, may belong, and to which credit unions organized and operating under the State of Oklahoma or of the United States may also belong.

Legislative History

Added by Laws 1941, p. 13, § 7. Amended by Laws 1974, c. 267, § 4. Amended by Laws 2000, c. 77, § 3, emerg. eff. April 14, 2000. NOTE: Laws 1974, c. 66, § 2 repealed by Laws 1974, c. 267, § 12.