SEC. 81-13-4. Insurance of accounts by National Credit Union Administration.

No credit union shall accept any deposits unless or until it submits sufficient evidence that its accounts are insured by the National Credit Union Administration or by any successor thereto. Any credit union shall thereafter conduct business only while its accounts are insured.

SOURCES: Laws, 1979, ch. 307, Sec. 3; reenacted, 1982, ch. 304, Sec. 4; 1987, ch. 381, Sec. 3; 1988, ch. 352, Sec. 2; 1995, ch. 374, Sec. 3, eff from and after July 1, 1995

1997 Amendment

Reenacted.

SOURCE: 1997 Laws, Chapter 368, Sec. 3, HB561, Effective July 1, 1997.