Sec. 3. A credit union may not commence business until it submits a completed set of bylaws to the department. The department shall have a form of bylaws prepared, consistent with this chapter, which shall be used by credit union incorporators. Bylaws shall be available to persons desiring to organize a credit union.

Formerly: Acts 1961, c.182, s.3. As amended by Acts 1977, P.L.294, SEC.3; P.L.263-1995, SEC.3.