Revises the par value of membership shares and allows for participation in board meetings by telephone or electronic means

Summary

The legislation requires credit‑union membership shares to have a par value of at least $25 and no more than $100, while regular shares may not exceed $100. It also authorizes directors to join board meetings by telephone or other electronic means, giving remote participation the same legal effect as in‑person attendance. The goal is to standardize share values and modernize governance.

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