21-1728. Use of name exclusive; violation; penalty; injunction.
164 words·~1 min read·
/ne/chapter-21/21-1728A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)No person, corporation, limited liability company, partnership, or association other than a credit union organized under the Credit Union Act, the Federal Credit Union Act, or the laws of any other state, or the voluntary association of credit unions, shall use a name or title containing the phrase credit union or any derivation thereof, represent itself as a credit union, or conduct business as a credit union, except that an entity with a pending application for a certificate of approval may use a name or title containing the phrase credit union or any derivative thereof, provided that if the entity's application is withdrawn or denied, the entity shall cease using a name or title containing the phrase credit union or any derivative thereof within thirty days after the withdrawal or denial of the application.
(2)Any violation of this section shall be a Class V misdemeanor.
(3)The director may petition a court of competent jurisdiction to enjoin any violation of this section.