Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 6. Banks and Financial Institutions |
Chapter 4. CREDIT UNIONS |
Article 4. Membership |
Sec 6-523. Membership applications
Latest version.
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A. The board of directors shall act on applications for membership or appoint one or more membership officers to approve applications for membership. A person denied membership by a membership officer may appeal the denial to the board of directors.
B. A credit union may impose one-time or periodic membership fees under the conditions the bylaws provide.