533.26  Preservation of records.

The superintendent shall prescribe by rule the period of preservation of records or files for credit unions. A copy of an original may be kept in lieu of any original records. For purposes of this section, a copy includes any duplicate, rerecording or reproduction of an original record from any photograph, photostat, microfilm, microcard, miniature or microphotograph, computer printout, electronically stored data or image, or other process which accurately reproduces or forms a durable medium for accurately and legibly reproducing an unaltered image or reproduction of the original record. A copy is deemed to be an original and shall be treated as an original record in a judicial or administrative proceeding for purposes of admissibility in evidence. A facsimile, exemplification, or certified copy of any such copy reproduced from a film record is deemed to be a facsimile, exemplification, or certified copy of the original.

Section History: Early form

  [C62, 66, 71, § 533.24; C73, 75, 77, 79, 81, § 533.26]

Section History: Recent form

  88 Acts, ch 1103, §3; 91 Acts, ch 95, §2; 99 Acts, ch 34, §2

Internal References

  Referred to in § 533.22, 533.27


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