Chap. 173.  An Act  increasing   the  limit on  the amount  of
SHARES OR DEPOSITS WHICH A MEMBER OF CERTAIN CREDIT UNIONS  MAY  HOLD.
Be it enacted, etc., as follows:
Section 10 of chapter 171 of the General Laws is hereby amended by striking out the fifth sentence, inserted by chapter 226 of the acts of 1964, and inserting in place thereof the following sentence: — Notwithstanding the limitations on shares and deposits contained herein a member of a credit union whose deposit and share liabilities are insured by the Massachusetts Credit Union Share Insurance Corporation may hold shares or make deposits or both therein in his own name to an amount not exceeding seven thousand five hundred dollars in the
Acts, 1968. —Chaps. 174, 175.                127
aggregate and, provided that he has no other account, he may jointly with another member hold shares or make deposits or both to an amount not exceeding in the aggregate fifteen thousand dollars, exclusive of club deposits; and a member of a credit union whose deposit and share liabilities are insured by the Massachusetts Credit Union Share Insurance Corporation having assets of five hundred thousand dollars or more may hold shares or make deposits or both therein in his own name to an amount not exceeding thirteen thousand dollars in the aggregate and, provided that he has no other account, he may jointly with another member hold shares or make deposits or both to an amount not exceeding in the aggregate twenty-six thousand dollars, exclusive of club deposits.                                                         Approved April 16, 1968.