Nebraska Revised Statute 21-1716

Chapter 21 Section 1716

21-1716.

Membership shares, defined.

Membership shares shall mean a balance held by a credit union and established by a member in accordance with standards specified by the credit union. Each member may own only one membership share. Ownership of a membership share shall represent an interest in the capital of the credit union upon dissolution or conversion to another type of institution.

Source

  • Laws 1996, LB 948, § 16.