The transfer of property, money, or assets by a credit union after it becomes insolvent, to prefer one creditor over another, or to prevent the equal distribution of its property and assets among its creditors is void.
Section: Previous 06.45.220 06.45.230 06.45.240 06.45.250 06.45.260 06.45.270 06.45.280 06.45.290 06.45.295 06.45.300 06.45.310 06.45.320 06.45.340 06.45.400 NextLast modified: November 15, 2016