21-1716. Membership shares, defined.
58 words·~1 min read·
/ne/chapter-21/21-1716A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Membership shares shall mean a balance held by a credit union and established by a member in accordance with standards specified by the credit union. Each member may own only one membership share. Ownership of a membership share shall represent an interest in the capital of the credit union upon dissolution or conversion to another type of institution.