Section 5-17-28 Alabama Credit Union League - Redemption and purchase of advance dues certificate upon dissolution, etc., of member credit union. - Alabama Statutes

Section 5-17-28

Alabama Credit Union League - Redemption and purchase of advance dues certificate upon dissolution, etc., of member credit union.

The Alabama Credit Union League, in the event any state chartered member credit union ceases to be a member of the Alabama Credit Union League or in the event any state chartered member credit union liquidates, shall redeem and purchase, after 60 days' written notice to its president or managing director, any advance dues certificates issued to such state chartered member credit union for the cash price in accordance with the value schedule shown on said certificate.

(Acts 1963, No. 422, p. 929, §4.)