Shares may be issued and deposits may be held in the name of a member in trust for a beneficiary, including a minor, but no beneficiary, unless a member in the beneficiary’s own right, shall be permitted to vote, obtain loans, hold office or be required to pay an entrance or membership fee.
ORS 723.432
Known as the Oregon Credit Union Act
The act spans §§ 723.001 to 723.995 (180 sections).
1975 c.652 §48; 1977 c.555 §17
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.