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Louisiana Revised Statutes 6:653.3 - Ownership of shares

Louisiana Laws > Revised Statutes > Title 6 > Chapter 8 > § 6:653.3 - Ownership of shares


Current as of: 2009

A credit union may conclusively rely on any membership application, agreement, or signature card used to establish a share account as establishing ownership of any shares and other credits deposited therein, and may consider and treat any funds on share in such an account as belonging to and the sole and exclusive property of the member or members named on the account membership application, agreement, or signature card, unless otherwise notified or directed by such member or members.

Acts 1995, No. 293, ยง1.

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See also:
Louisiana Revised Statutes > Title 6 > Chapter 8 - Credit Unions

U.S. Code Provisions: Credit Unions

U.S. Code > Title 12 > Chapter 14 - Federal Credit Unions

Federal Regulations: Credit Unions

U.S. Code > Title 12 > Chapter 14 - Federal Credit Unions
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