O.C.G.A.
O.C.G.A.

O.C.G.A. § 7-1-654 (2019)

Capital; right to offset loans, dues, and fines

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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The capital of the credit union shall consist of the payments that have been made to it by the members on their qualifying shares. A credit union shall have a lien on a member’s share and deposits and on dividends or interest payable thereon for and to the extent of any loan made by it to such member and of any dues and fines payable to it by such member.

History

Ga. L. 1925, p. 165, § 16; Code 1933,

§ 25-110; Code 1933, § 41A-3105, enacted by Ga. L. 1974, p. 705, § 1.

Annotations

RESEARCH REFERENCES C.J.S. C.J.S., Associations,

Building Savings

and and

Loan Loan

Associations, and Credit Unions, §§ 68, 69.