PA HB2009

Legislative Description

In preliminary provisions, further providing for definitions; in incorporation, further providing for articles of incorporation, for Department of Banking consideration of articles and for bylaws; in corporate powers, duties and safeguards, further providing for powers, for fees and charges, for loan interest, for power to borrow, for loans and for dividends; in members, directors and officers, further providing for notice to members and for expulsion and withdrawal; in amendment of articles, further providing for procedure for amendment of articles; in conversion, merger and consolidation, further providing for conversion into Federal credit union and for adoption of plan; and, in dissolution, further providing for approval of voluntary dissolution.

Last Action

Committee Referrals