81-12-75 - Membership fees prohibited.
§ 81-12-75. Membership fees prohibited.
An association shall not directly or indirectly charge any membership, admission, withdrawal or any other fee or sum of money for the privilege of becoming, remaining or ceasing to be a member or savings account holder of the association.
Sources: Laws, 1977, ch. 445, § 19; reenacted, 1982, ch. 301, § 38; Laws, 1990 Ex Sess, ch. 52, § 39; Laws, 1993, ch. 441, § 39; Laws, 1994, ch. 622, § 71; reenacted without change, Laws, 1997, ch. 496, § 36; reenacted without change, Laws, 2001, ch. 488, § 38, eff from and after July 1, 2001.