17-2203.   Use of name; penalty for unauthorized use.(a) Only credit unions organized under the provisions of the act of whichthis act is amendatory, credit unions organized pursuant to federal law,an association of credit unions, or an organization, corporation or associationwhose membership or ownership is restricted to credit unions or credit unionorganizations may use any name or title which contains the words "creditunion" or any derivation thereof.

      (b)   Any other use by any person, copartnership, association or corporationof any name or title which contains the words "credit union" or any derivationthereof and any misrepresentation as a credit union or conducting of businessas a credit union by such entities shall be a class A misdemeanor and punishableas such. The administrator, any credit union or any organization, corporationor association of credit unions described in subsection (a)of this section may petition a court of competent jurisdiction to enjoina violation of this section.

      History:   L. 1929, ch. 141, § 3; L. 1941, ch. 181, § 1; L. 1976,ch. 105, § 1; L. 1982, ch. 103, § 1; July 1.