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O.C.G.A. § 7-1-654

Capital; right to offset loans, dues, and fines

Ga

The capital of the credit union shall consist of the payments that have been made to it by the members on their qualifying shares. A credit union shall have a lien on a member’s share and deposits and on dividends or interest payable thereon for and to the extent of any loan made by it to such member and of any dues and fines payable to it by such member.

§ 25-110; Code 1933, § 41A-3105, enacted by Ga. L. 1974, p. 705, § 1.

Current official text: Official Code of Georgia Annotated (LexisNexis). Digitized from the Internet Archive scan of the OCGA. Reproduced from public-domain Georgia statutes; confirm against the official source for the current text. Not legal advice.