This bill amends Section 26-2105 of the Idaho Code, which pertains to the organization of credit unions. The key changes include the requirement for credit unions to deliver a copy of their endorsed articles of incorporation, along with any necessary filing fee, to the Secretary of State for filing. Additionally, one original copy of the articles of incorporation and bylaws must be delivered to and retained by the Department of Finance. The previous requirement for one copy to be filed with the county recorder's office has been removed.

The bill also emphasizes that the director has the authority to investigate charter applications to ensure they meet the objectives outlined in the chapter, considering factors such as potential membership and economic characteristics. The act declares an emergency, stating that it will take effect on July 1, 2025.

Statutes affected:
Bill Text: 26-2105