North Dakota Code 6-06-01 – Savings and credit association may be organized
Current as of: 2023 | Check for updates
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Any seven residents of this state may apply to the state credit union board for permission to organize a corporate cooperative association to be known as a credit union.
Terms Used In North Dakota Code 6-06-01
- board: when used in this title includes the state banking board and the state credit union board. See North Dakota Code 6-01-03
- Credit union: means a cooperative, nonprofit association organized for the purposes of encouraging thrift among its members, creating a source of credit at a fair and reasonable rate of interest, and providing an opportunity for its members to improve their economic and social condition. See North Dakota Code 6-01-02
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49