Chapter 52 — Organization

52.001 Definitions Defines key terms used in the Minnesota credit union chapter, including credit union, board, commissioner, member, and … 52.01 Organization Establishes the authority and jurisdiction for organizing and operating credit unions in Minnesota under the supervision … 52.02 Resolutions, Amendment of Bylaws and Certificate of Organization, Approval Sets requirements for organizing a new credit union, including the number of charter members, the application process, … 52.03 'credit Union,' Unlawful Use Establishes the powers of Minnesota credit unions, including accepting deposits, making loans, issuing share drafts, and … 52.04 Powers Establishes membership eligibility requirements for credit unions, including common bond requirements. 52.05 Membership Establishes the governance structure of credit unions, including the board of directors, supervisory committee, and … 52.06 Supervision; Reports; Audits; Fees Addresses share accounts, deposit insurance, dividends, and member savings at credit unions. 52.061 This section has been repealed. 52.062 Credit Unions; Suspension of Operation Credit Unions; Suspension of Operation 52.063 Proceedings Following Suspension, Continuation of Suspension, or Consent Cease and Desist Order; Appointment of National Credit Union Administration Board as Receiver Proceedings Following Suspension, Continuation of Suspension, or Consent Cease and Desist Order; Appointment of National … 52.064 Receivership Receivership 52.065 Climate Risk Disclosure Survey Climate Risk Disclosure Survey 52.07 Fiscal Year; Meetings; Voting Establishes lending powers and limitations for credit unions, including interest rate caps and loan terms. 52.08 Annual Meeting Addresses credit union investment powers, specifying the types of investments credit unions may hold. 52.09 Directors; Powers and Duties Establishes reserve requirements for credit unions to maintain financial soundness. 52.10 Credit Committee; Credit Manager; Powers Addresses the merger, conversion, and dissolution of credit unions, including procedures for voluntary and involuntary … 52.11 Supervisory Committee; Duties Grants examination and enforcement authority to the commissioner over credit unions. 52.12 Capital; Entrance Fees; Credit Union to Have Lien Establishes bonding and insurance requirements for credit union officers and employees. 52.13 Deposits in Name of Minor Addresses the powers and duties of the commissioner of commerce regarding credit union regulation. 52.131 Multiparty Accounts Multiparty Accounts 52.135 This section has been repealed. 52.136 This section has been repealed. 52.137 Individual Retirement Accounts Individual Retirement Accounts 52.14 Interest on Loans Establishes reporting requirements for credit unions to the Department of Commerce. 52.141 Loan Expenses Loan Expenses 52.15 Borrowing; Limitation Addresses the operation of credit union branches and service facilities. 52.16 Lending; Conditions Establishes provisions for credit union service organizations (CUSOs) that provide services to credit unions. 52.165 Graduated Payment Home Loan Graduated Payment Home Loan 52.17 Reserve Fund Addresses the applicability of other laws to credit unions, including federal preemption issues. 52.18 Dividends Establishes provisions for emergency powers and procedures during financial crises affecting credit unions. 52.19 Expulsion or Withdrawal of Members Addresses the conversion of credit unions to or from other financial institution charters. 52.191 Inactive Accounts Inactive Accounts 52.20 Voluntary Dissolution Voluntary Dissolution 52.201 Reorganizing Federal Credit Union Into State Credit Union Authorizes credit unions to offer ancillary services and products to members. 52.202 Directors May Execute Certificates Directors May Execute Certificates 52.203 Merger or Consolidation Establishes provisions for corporate credit unions that serve other credit unions. 52.21 Change of Place of Business Addresses the transition and applicability of amendments to the credit union chapter. 52.211 Student Education Programs Student Education Programs 52.212 Senior Citizen Locations Senior Citizen Locations 52.22 This section has been repealed. 52.23 This section has been repealed. 52.24 Mandatory Share and Deposit Insurance Mandatory Share and Deposit Insurance