2012 Idaho Statutes
Title 26 - BANKS AND BANKING
Chapter 21 - IDAHO CREDIT UNION ACT
Section 26-2171 - ORGANIZATION -- IDAHO CORPORATE CREDIT UNION.
(a) Filing an application furnished by the director;
(b) Executing in duplicate, articles of incorporation by the terms of which they agree to be bound, which articles shall state:
(c) Adopting bylaws for the general government of the credit union, consistent with provisions of this act and executing the same in duplicate.
(d) Forwarding the required charter fee, application, articles of incorporation and the bylaws to the director. If they conform to the statute, as determined by the director, he shall issue a certificate of approval to the articles and return a copy of the bylaws and the articles to the applicants or their representative, which shall be preserved in the permanent files of the credit union.
(e) The subscribers for the Idaho corporate credit union shall not transact any business until formal approval of the charter has been received. The director shall cause to be prepared a form of articles of incorporation and a form of bylaws consistent with this act which shall be used by the Idaho corporate credit union incorporators for their guidance.
History:
[26-2171, added 1977, ch. 213, sec. 2, p. 611.]
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