Chap. 123.   An Act relating to the semiannual assessment of
CREDIT  UNION  MEMBERS   OF  THE  MASSACHUSETTS   CREDIT UNION SHARE INSURANCE CORPORATION.
Be it enacted, etc., as follows:
Section 8 in section 1 of chapter 294 of the acts of 1961 is hereby amended by striking out the second paragraph, as amended by section 4 of chapter 208 of the acts of 1964, and inserting in place thereof the following paragraph: —
| In or within thirty days after June thirtieth and December thirty-first of each year, except as hereinbefore provided, while a member credit union, such credit union shall pay to the corporation an assessment equal to one twenty-fourth of one per cent of its share and deposit liabilities payable as shown on its financial statement as of said dates, provided, however, that the directors may with the approval of the commissioner, prior to the semiannual assessment date, reduce uniformly the rate of the semiannual assessment or waive an assessment. The assessment referred to herein may be charged to the guaranty fund, reserve account, undivided earnings or operating expense.
Approved April 2, 1968.