§412:10-307 - Trust accounts.
§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]