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2022 Georgia Code
Title 7 - Banking and Finance
Chapter 1 - Financial Institutions
Article 3 - Credit Unions
Part 3 - Operation and Regulation
§ 7-1-654. Capital; Right to Offset Loans, Dues, and Fines
Universal Citation:
GA Code § 7-1-654 (2022)
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The capital of the credit union shall consist of the payments that have been made to it by the members on their qualifying shares. A credit union shall have a lien on a member’s share and deposits and on dividends or interest payable thereon for and to the extent of any loan made by it to such member and of any dues and fines payable to it by such member.
History. Ga. L. 1925, p. 165, § 16; Code 1933, § 25-110; Code 1933, § 41A-3105, enacted by Ga. L. 1974, p. 705, § 1.
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