Text: SF02435 Text: SF02437 Text: SF02400 - SF02499 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. NEW SECTION. 533.50 CREDIT UNION SERVICE
1 2 ORGANIZATION SERVICES.
1 3 An organization, corporation, or association, the
1 4 membership or ownership of which is primarily confined or
1 5 restricted to credit unions or organizations of credit unions,
1 6 and which primarily provides services to credit unions,
1 7 organizations of credit unions, or credit union members, may
1 8 provide trust services and act in a fiduciary capacity as
1 9 approved by, and pursuant to rules adopted by, the
1 10 superintendent. The organization, corporation, or association
1 11 is subject to the state corporate income tax. This section
1 12 only applies to trust services offered by credit union service
1 13 organizations.
1 14 SF 2436
1 15 mj/cc/26
Text: SF02435 Text: SF02437 Text: SF02400 - SF02499 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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