Section 6-312 - General powers.
§ 6-312. General powers.
In addition to the powers set forth elsewhere in this title, a credit union may:
(1) Receive the shares and deposits of its members;
(2) Lend money to its members;
(3) Invest funds as provided in this title; and
(4) Undertake other activities that:
(i) Are consistent with this title;
(ii) Relate to its purposes; and
(iii) Are authorized by its bylaws.
[CA § 6-307; 1980, ch. 33, § 2; 1996, ch. 326, § 2; 2001, ch. 147, § 1; ch. 148, § 1.]