Section 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.Laws, 1979, ch. 307, § 3; reenacted, Laws, 1982, ch. 304, § 4; Laws, 1987, ch. 381, § 3; Laws, 1988, ch. 352, § 2; Laws, 1995, ch. 374, § 3; reenacted without change, Laws, 1997, ch. 368, § 3; reenacted without change, Laws, 2001, ch. 408, § 3, eff. 7/1/2001.