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2021 Idaho Code
Title 26 - BANKS AND BANKING
Chapter 21 - IDAHO CREDIT UNION ACT
Section 26-2182 - SHARES AND DEPOSITS.
Universal Citation: ID Code § 26-2182 (2021)
26-2182. SHARES AND DEPOSITS. (a) A share is defined as a term applied to each one hundred dollars ($100) standing to the share account of a member. The shares of a credit union shall all be common shares of one (1) class and shall have a par value of one hundred dollars ($100) per share. No certificate shall be issued to denote ownership of a share in the credit union.
(b) In the event of default, the Idaho corporate credit union shall have and may exercise a lien on the shares of any member for any sum due the credit union from said member.
History:
[26-2182, added 1977, ch. 213, sec. 2, p. 616.]
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