Incorporation procedures

Amendments to articles. Adoption and amendment of bylaws. Powers. Membership. [Reserved] Membership — Financial institutions which are ineligible to be federally insured or which were chartered prior to July 1, 1981. Powers and privileges of members. Membership fees; refunds of fees, assessments, and premiums; distribution of undivided corporate earnings preceding voluntary cessation of business. Premiums and special as- 7-2-9. 7-2-10. 7-2-11. 7-2-12. 7-2-13. 7-2-14. sessments; distribution of assets on liquidation. Insurance of deposits and shares. Conduct of business by incorporators and directors. Exclusive supervision by department; rules and regulations. Copies of members’ reports sent to corporation; additional examinations or audits; ordering corrective action or revoking membership. Administrative review of corporation or department decision; exhaustion of remedies. Tax exemption.