32-3-802. Purpose — membership. (1) A corporate credit union must be operated primarily for the purpose of serving other credit unions.

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(2)Membership in a corporate credit union must include credit unions organized and operating under this chapter or under any other credit union law.

(3)Membership may also include:

(a)officers, directors, committee members, and employees of credit unions; or

(b)organizations and associations of those persons or organizations enumerated in subsections (2) and (3)(a).

(4)The membership of a corporate credit union may not include more than seven natural persons as described in subsection (3)(a).