§412:10-301  Share accounts and membershipshares.  (a) Share accounts and membership shares (if any) shall besubscribed to and paid for in such manner as the bylaws prescribe.

(b)  A credit union may require its members tosubscribe to and make payments on membership shares.

(c)  The par value of shares and membershipshares shall be prescribed in the bylaws.

(d)  A membership share may not be redeemed orwithdrawn except upon termination of membership in the credit union.

(e)  A credit union may limit the number ofshares which may be owned by a member, but any such limit shall apply alike toall members. [L 1993, c 350, pt of §1]