N.C. Gen. Stat. § 54-109.53
Shares
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
(1) The capital of a credit union consists of the payments made by members on shares, undivided surplus, and reserves.
(1) The capital of a credit union consists of the payments made by members on shares, undivided surplus, and reserves.
(2) Shares may be subscribed to, paid for and transferred in such manner as the bylaws prescribe.
(2) Shares may be subscribed to, paid for and transferred in such manner as the bylaws prescribe.
(3) A certificate need not be issued to denote ownership of a share in a credit union.
(3) A certificate need not be issued to denote ownership of a share in a credit union.
History
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.