3 AAC 03.230 - Solicitation materials
(a) All written material which may be used
for solicitation of shares or share subscriptions in a proposed credit union
must be submitted to the department for review and approval before
use.
(b) All subscribers must be
provided with a copy of the material approved under (a) of this
section.
(c) All funds received
from share subscribers must be placed in an escrow account approved by the
department and over which the department has withdrawal control. The department
will relinquish this control to the credit union only upon issuance of a
certificate of authority to conduct credit union business.
Notes
Authority:AS 06.45.010
AS 06.45.020
AS 06.45.030
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