| | | §824. Participation in electronic funds transfer system |
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| | | 1. Authorization. A credit union, with the prior written | approval of the superintendent, may issue to its members cards or | other devices permitting such to its members that permit the | | members to gain access to or participate in an established | | electronic funds transfer system. |
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| | | 2. Limitations. The use of such cards or other devices | pursuant to subsection 1 by the members of the credit union shall | be subject to the conditions and limitations set forth in section | 853 and 857. |
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| | | Sec. 17. 9-B MRSA §826, as amended by PL 1983, c. 373, §2, is | | repealed and the following enacted in its place: |
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| | | §826. Offices and satellite facilities |
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| | | A credit union may establish, relocate, close and operate a | | branch or satellite facility in accordance with chapter 33, | | except that the limitation of section 337, subsection 2 does not | | apply.__The limits of section 863 apply to credit union | | investment in real estate for office facilities.__The | | establishment, relocation or closing of a branch or facility must | | meet the needs and convenience of the credit union's members. |
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| | | Sec. 18. 9-B MRSA §827, sub-§3, as enacted by PL 1995, c. 512, §1, is | | amended to read: |
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| | | 3. Lien on shares. A credit union may impress and enforce a | | lien on the shares and dividends of a member to the extent of any | | loan made to and any dues or charges payable by that member. A | | credit union that has been designated a community development | | credit union pursuant to section 817 may impress and enforce a | | lien on the shares and dividends of a nonmember to the extent of | | any loan made to and any dues or charges payable by that | | nonmember. |
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| | | Sec. 19. 9-B MRSA §831, sub-§2, as amended by PL 1997, c. 108, §11, is | | further amended to read: |
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| | | 2. Share transactions. The provisions of section sections | | 422-A, 427, 428 and 429 are applicable to shares or accounts in a | | credit union. |
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| | | Sec. 20. 9-B MRSA §832, sub-§2, as amended by PL 1979, c. 663, §54, is | | further amended to read: |
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| | | 2. Payments to fund. Before the payment of a dividend, there | shall must be set apart into the guaranty fund a percentage |
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