Florida Statute 657.023 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVIII
BANKS AND BANKING

Chapter 657
CREDIT UNIONS

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F.S. 657.023

657.023 Membership.—

(1) Upon payment of any required entrance or membership fee, payment of shares as required by the bylaws, and compliance with the bylaws, any person within the limited field of membership of a credit union may be admitted to its membership.

(2) Members of the credit union shall not be personally or individually liable for payment of the debts of the credit union.

(3) A credit union may close the account and terminate the membership of any member whose actions have resulted in any financial loss to the credit union or for good cause.

(4) Denial of membership hereunder shall not be considered to be a denial of credit.

History.—ss. 1, 6, ch. 80-258; ss. 2, 3, ch. 81-318; ss. 6, 46, ch. 82-214; s. 1, ch. 91-307; ss. 1, 83, ch. 92-303; s. 13, ch. 2005-181.

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Amendments to 657.023

Arrestable Offenses / Crimes under Fla. Stat. 657.023

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 657.023.

Annotations, Discussions, Cases:

Cases Citing Statute 657.023

Total Results: 1

McKinney v. Gainey

Court: Supreme Court of Florida | Date Filed: 1928-10-26

Citation: 118 So. 917, 96 Fla. 547

Snippet: 654; First National Bank v. Ashmead, 2 So. R. 657, 23 Fla. 379; DeBartlett v. DeWilson, 42 So. R. 189