370.270. Entrance and transfer fees. - Missouri Statutes

Entrance and transfer fees.

370.270. A credit union may charge an entrance fee, as maybe provided in the bylaws which shall, however, not exceed onedollar. Fully paid-up shares may be transferred to any personupon election to membership, upon such terms as the bylaws mayprovide and upon the payment of a transfer fee which shall notexceed one dollar.

(RSMo 1939 § 5532, A.L. 1945 p. 689, A.L. 1972 S.B. 502)

Prior revision: 1929 § 5090