§412:10-309 Liens. The credit union shall have a lien on the share accounts and accumulated dividends of a member for any sum owed the credit union by said member and for any loan endorsed by the member. The credit union shall also have a right of immediate setoff with respect to every deposit account. The credit union may also refuse to allow withdrawals from any share or deposit account. The credit union may waive its rights to a lien, to immediate setoff, to restrict withdrawals, or to any combination of such rights with respect to any share or deposit account or groups of such accounts. [L 1993, c 350, pt of §1]
Section: Previous 412-10-302 412-10-303 412-10-304 412-10-305 412-10-306 412-10-307 412-10-308 412-10-309 412-10-310 412-10-400 412-10-401 412-10-402 412-10-403 412-10-404 412-10-405 NextLast modified: October 27, 2016