A Credit Union Primer

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Division of remedial loans, Russell Sage foundation, 1923 - 81 pages

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Page 77 - Each director, when appointed or elected, shall take an oath that he will, so far as the duty devolves on him, diligently and honestly administer the affairs of such association, and will not knowingly violate, or willingly permit to be violated, any of the provisions of this Title...
Page 36 - STATE OF MISSOURI: County of Clinton: ON THIS first day of March, 1887, before me personally appeared George Jacobs and Clarinda C. Jacobs, his Wife, to me known to be the persons described in and who executed the foregoing instrument, and acknowledged that they executed the same as their free act and deed.
Page 77 - Title, and that he is the owner in good faith, and in his own right, of the number of shares of stock required by this...
Page 38 - Company shall be a President, a VicePresident, a Secretary and a Treasurer, who shall be elected for one year and shall hold office until their successors are elected and qualify.
Page 39 - ... security offered. No loan shall be made unless it has received the unanimous approval of those members of said committee who were present when it was considered...
Page 72 - security" within the meaning of this subdivision shall include an endorsed note. But when a member borrows an amount less than the par value of his fully paid shares and deposits and when he pledges or assigns such shares and deposits as security for the loan, his unendorsed note payable to the credit union may be accepted as security therefor.
Page 71 - In the case of every stock corporation, he shall examine or cause an examination to be made in order to ascertain whether all of its capital stock has been fully paid in cash.
Page 78 - The board of directors shall have the general management of the affairs, funds and records of the corporation, and shall meet as often as may be necessary. Unless the by-laws shall specifically...
Page 41 - The board of directors may expel from tie corporation any member who has not carried out his engagement with the corporation, or has been convicted of a criminal offense, or neglects or refuses to comply with the provisions of this act or of the by-laws, or who habitually neglects to pay his debts, or shall become insolvent or bankrupt.
Page 76 - ... published once in each week for two successive weeks in the newspapers in which the notice of application was published. When the requirements of this section shall have been fully complied with, the...

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