§412:10-106 Deposit and share insurance. (a) The organizers of the proposed credit union shall apply for insurance on share and deposit accounts from the National Credit Union Administration or any successor governmental agency. (b) No credit union shall transact any credit union business until it has received federal insurance of its share and deposit accounts. (c) A corporate credit union shall be exempt from the requirements of this section. [L 1993, c 350, pt of §1]
‹ Prev All Hawaii sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.