81-13-4 - Insurance of accounts by National Credit Union Administration.
§ 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.
Sources: Laws, 1979, ch. 307, § 3; reenacted, 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 from and after July 1, 2001.