§412:10-307 Trust accounts. (a) Share and deposit accounts may be owned by a member in trust for a beneficiary.
(b) Beneficiaries may be minors, but no beneficiary unless a member in that person's own right, shall be permitted to vote, obtain loans, hold office or be required to pay a membership fee. [L 1993, c 350, pt of §1]
Section: Previous 412-10-300 412-10-301 412-10-302 412-10-303 412-10-304 412-10-305 412-10-306 412-10-307 412-10-308 412-10-309 412-10-310 412-10-400 412-10-401 412-10-402 412-10-403 NextLast modified: October 27, 2016