A credit union may act as trustee of pension and profit-sharing plans. A credit union may also act as trustee or custodian of:
- (a) Individual retirement accounts authorized by federal and state law;
- (b) Pension funds of self-employed individuals or of an entity or organization sponsoring the credit union;
- (c) Deferred compensation plans; and
- (d) Other similar retirement or pension plans.
Source. 2015, 272:16, eff. Oct. 1, 2015.