SEC. 81-12-109. Records; membership and stockholder.

Every association shall maintain membership and stockholder records, which shall show the name and address of the member or stockholder, the status of the member as a savings account holder, or an obligor, or a savings account holder and obligor, and the date of membership or ownership of stock. In the case of members holding a savings account the association shall obtain a savings account contract containing the signature of each holder of such account or his duly authorized representative, and shall preserve such contract in the records of the association.

SOURCES: Laws, 1977, ch. 445, Sec. 29(13); reenacted, 1982, ch. 301, Sec. 55; 1990 Ex Sess, ch. 52, Sec. 56; 1993, ch. 441, Sec. 56; 1994, ch. 622, Sec. 88, eff from and after July 1, 1994.

1997 Amendment:

Reenacted.

SOURCE: 1997 Laws, Chapter 496, Sec. 53, HB390, Effective July 1, 1997.