Legislative Session number- 82

Bill Name: HF2751

hf2751 FIRST ENGROSSMENT Minnesota credit union protection act adopted. Section
1: Related terms defined. Sec. 2: Bylaws allowed to provided for self-amendment.
Sec. 3: Amendment approval required and notice required. Sec. 4: Credit union
authorization list expanded. Sec. 5: Parity clause provided. Sec. 6: Membership
requirements modified. Sec. 7: Application requirements clarified. Sec. 8:
Officer reimbursement allowed. Sec. 9: Conforming changes. Sec. 10: Unimpaired
asset percentage raised from 40 to 50. Sec. 11: Conforming changes.AE