A member may designate any person or persons to hold shares, deposits and thrift club accounts with the member in joint tenancy, with or without the right of survivorship, but no joint tenant, unless a member in the member’s own right, shall be permitted to vote, obtain loans, or hold office or be required to pay an entrance or membership fee.
ORS 723.426
Known as the Oregon Credit Union Act
The act spans §§ 723.001 to 723.995 (180 sections).
1975 c.652 §47; 1977 c.555 §16; 1991 c.635 §11
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.