32-3-802. Purpose -- membership. - Montana Statutes

     32-3-802. Purpose -- membership. (1) A corporate credit union must be operated primarily for the purpose of serving other credit unions.
     (2) Membership in a corporate credit union must include credit unions organized and operating under this chapter or under any other credit union law.
     (3) Membership may also include:
     (a) officers, directors, committee members, and employees of credit unions; or
     (b) organizations and associations of those persons or organizations enumerated in subsections (2) and (3)(a).
     (4) The membership of a corporate credit union may not include more than seven natural persons as described in subsection (3)(a).

     History: En. 14-669 by Sec. 69, Ch. 38, L. 1975; R.C.M. 1947, 14-669; amd. Sec. 2, Ch. 66, L. 1993.