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Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

  Chapter 370back to chapter 370

  370.285.  Retirement accounts and pension funds, authority to serve as trustee. — 1.  A credit union may act as trustee or custodian of individual retirement accounts authorized by federal or state law, pension funds of self-employed individuals or of a company or organization sponsoring the credit union, or other similar retirement or pension plans.

  2.  A credit union may act as trustee or custodian under pension and profit sharing plans.

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(L. 1984 H.B. 962)


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