The bill amends Section 26-2105 of the Idaho Code, which pertains to the organization of credit unions. It introduces new requirements for the delivery of articles of incorporation, specifying that credit unions must now deliver one copy of the endorsed articles of incorporation, along with any required filing fee, to the Secretary of State for filing. Additionally, it mandates that one original copy of the articles of incorporation and bylaws be delivered to and retained by the Department of Finance. The previous requirement for filing a copy 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