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Session Laws

1985

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CHAPTER 56 AN ACT INCREASING THE PAR VALUE OF SHARES IN CREDIT UNIONS.

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

Section 10 of chapter 171 of the General Laws is hereby amended by striking out the second sentence, as appearing in chapter 279 of the acts of 1981, and inserting in place thereof the following sentence:- Shares shall be of a par value of twenty-five dollars each and shall be subscribed and paid for in such manner as the by-laws of the credit union shall prescribe.

Approved May 21, 1985.