§ 6-312. General powers

   In addition to the powers set forth elsewhere in this title, a credit union may:

   (1) Receive the shares and deposits of its members;

   (2) Lend money to its members;

   (3) Invest funds as provided in this title; and

   (4) Undertake other activities that:

      (i) Are consistent with this title;

      (ii) Relate to its purposes; and

      (iii) Are authorized by its bylaws.

HISTORY: CA § 6-307; 1980, ch. 33, § 2; 1996, ch. 326, § 2; 2001, ch. 147, § 1; ch. 148, § 1.