State Credit Union Code | Midpage17-2201Organization of credit unions; articles of incorporation and bylaws; approval of administrator; application of corporation code; filing fees17-2202Amendments to bylaws and charter; bylaw amendments to be filed; administrator's disapproval of amendments to bylaws; appeal17-2203Use of name; penalty for unauthorized use17-2204Powers of credit unions17-2204aInvestments; limitations; definition of credit union services organization17-2205Credit unions, fields of membership. [See Revisor's Note]17-2205aMembership of credit union; continuation of branch operations, limitations. [See Revisor's Note]17-2206Supervision and powers of administrator; reports, fines; examination, fees17-2206aUndelivered funds due creditors, depositors and shareholders of defunct credit union; duties of administrator and state treasurer; undistributed assets of defunct credit unions fund17-2207Fiscal year; meetings17-2208Officers; board of directors; committees; suspension of members, when; appeal of suspension17-2209Directors to elect officers; duties of board; executive committee17-2210Method of making loans17-2211Duties of supervisory committee; annual and supplementary audits; acceptance of certain audits17-2212Capital and revenue of credit union; right of setoff; dormant accounts; unmatured shares; transfer to reserve fund, when17-2213Shares to minors; joint tenancy shareholdings; trust accounts; credit union can act as trustee or custodian17-2214Corporate credit unions; powers; lending to members; credit unions lending to each other, approval17-2215Power to borrow money; limitations17-2215aPower of corporate credit unions to borrow increased by amount of certain investments17-2216Loans to members; limitations17-2216aLoans to directors or members of credit or supervisory committees; conditions17-2217Reserve income; payments into reserve fund; rules and regulations17-2218Dividends17-2219Expulsion of members, when; policy, notice; withdrawal of member from credit union17-2221Change in place of business; how accomplished17-2221aCredit union branches; procedure17-2222Conversion from state to federal credit union17-2223Incorporation in this state of federal credit union or credit union organized in another state; procedure; name; effect of granting charter17-2223aAdministrator's approval required before foreign credit union does business in state; examination; hearing17-2226Purchase of real estate, material, equipment or improvements; lease and disposition of property17-2227Information concerning credit unions; disclosure authorized; otherwise confidential; exceptions17-2228Merger with other credit union, procedure; certificate requirements; assets and liabilities; cancellation of terminated credit union charter17-2229Sale or purchase of assets to or of another credit union; agreement; approval of administrator; effective date; dissolution of selling credit union; reserves17-2230Voluntary and involuntary dissolution; appointment of agent; liquidation procedure17-2231Definitions17-2232Credit union council; membership, appointment, terms; meetings17-2233Credit union administrator; appointment, duties, salary, expenses and term17-2234State department of credit unions; supervision; employees; attorney; security background check17-2235Credit union council's compensation and expenses17-2236Bonds of administrator, examiners and employees; disposition of moneys; credit union fee fund17-2237Transfer of jurisdiction and records17-2238Continuity of previously organized credit unions17-2239Continuity of proceedings17-2240Housing of department17-2241Appeals17-2243Invalidity of part17-2244Authority to operate in same activities as other federally insured credit unions; powers of administrator; report to legislature17-2245Credit union may participate in loan with another credit union, financial organization or national cooperative bank17-2246Share insurance required17-2260Rules and regulations17-2262Severability17-2263Contracts for payment of members' accounts to beneficiaries upon members' deaths; rights of member during lifetime; change of beneficiary17-2264Duties of credit union; release and discharge thereof17-2268Personal liability of officers and directors, exceptions17-2269Citation17-2270Authority of domestic credit union to operate outside of the state17-2271Civil penalties for engaging in certain practices or violations of act; determination of penalty17-2272When administrator may enter into informal agreement with credit union; confidentiality of such agreement17-2224Receipt of certain money by insolvent credit union; obligation for repayment17-2225Losses; proportionate reduction in liability, when; limitations17-2242Administrator's jurisdiction