(1) The capital of a credit union consists of the payments by the members on shares.
(2) Shares may be subscribed to, paid for, and transferred in a manner as the bylaws prescribe.
(3) A certificate need not be issued to denote ownership of a share in a credit union.
(4) This chapter does not restrict or prohibit the issuance of shares in any type of account described in Title 72, chapter 6, part 2. However, the party, the beneficiary, or the agent of an account may not vote, obtain loans, hold office, or be required to pay an entrance or membership fee unless the party, beneficiary, or agent is a member of the credit union.