These legal documents, part of the Pennsylvania Compiled Statutes under the Commercial Code, provide guidelines and definitions related to funds transfers. They cover the issuance and execution of payment orders, payment obligations, and the treatment of creditor process. The documents define key terms such as ‘payment order,’ ‘beneficiary,’ ‘receiving bank,’ and ‘sender.’ They clarify that a payment order is an instruction from a sender to a receiving bank to pay a fixed amount to a beneficiary.

The provided legal document content pertains to the Credit Union Code in Pennsylvania. It governs credit unions, which are cooperative corporations incorporated under the Credit Union Act or this title. The document provides definitions for various terms related to credit unions, such as ‘activity,’ ‘branch,’ ‘community development credit union,’ ‘corporate credit union,’ ‘department,’ ‘federal credit union,’ ‘insolvent,’ ‘officer,’ ‘out-of-state credit union,’ ‘retained earnings,’ ‘service facility,’ ‘shares,’ ’total equity capital,’ ‘unimpaired capital,’ and ‘volunteer.

This legal document governs the process of converting a credit union into a Federal credit union. It outlines the requirements for approval by the credit union’s directors and members, as well as the necessary actions to become a Federal credit union. The document also covers the merger and consolidation of credit unions, including the approval process, compliance with Federal and State laws, and the execution of articles of merger or consolidation.

The legal document outlines the procedure for the voluntary dissolution of credit unions in Pennsylvania. It requires the adoption of a plan of dissolution by the credit union’s directors, followed by a membership vote and the election of liquidating trustees. The document specifies the responsibilities of the liquidating trustees, including the collection and distribution of assets, notification of creditors and members, and the advertisement of the voluntary liquidation plan. Claims must be presented within 90 days, and rejected or disallowed claims must be brought to action within 90 days after notice.

This legal document, found in the Pennsylvania Compiled Statutes under the section for Credit Unions, addresses the authorization for out-of-State credit unions to conduct business in Pennsylvania. The document outlines the criteria that must be met for such authorization, including being organized under a similar statute, being financially solvent, having required account insurance acceptable to the department, being effectively examined and supervised by the regulatory authority of its home state, and needing to conduct business in Pennsylvania to adequately serve its members in the state.

This legal document governs the incorporation of credit unions in Pennsylvania. It applies to credit unions and outlines the purposes for which a credit union may be incorporated. These purposes include promoting thrift among members, providing a source of credit at reasonable rates of interest, and allowing members to use and control their own money on a democratic basis to improve their economic and social condition. Additionally, the document mentions that central or corporate credit unions formed to serve other credit unions may also be incorporated under this title.

These legal documents provide a comprehensive overview of the powers, duties, and safeguards governing credit unions in Pennsylvania. They cover various aspects such as the general and special powers of credit unions, regulation by the department, capital and shares, joint accounts, shares in the name of minors or in trust, assets of deceased members, fees and charges, interest rates on loans, borrowing, loans made by credit unions, reserves, dividends, withdrawal of shares, recognition of adverse claims, and taxation.

These legal documents govern various aspects of credit unions, including membership requirements and regulations, notices to members, expulsion, suspension, and withdrawal of members, election of directors and committee members, compensation of directors and officers, appointment of officers, indemnification, loan procedures, annual audit requirements, and actions against officers and directors. The documents specify the eligibility criteria for credit union membership, including common bond requirements and the rights and obligations of members. They also outline the procedures for providing notices to members, including the methods of delivery and the information that must be included.

This legal document governs the procedure for amending the articles of incorporation for credit unions in Pennsylvania. It states that the articles of incorporation can be amended at any regular or special meeting of the credit union, provided that notice of the meeting and the proposed amendment is given to each member at least ten days prior to the meeting. Alternatively, the articles of incorporation can be amended through mail ballot voting as specified in the bylaws.

This legal document defines the offense of forgery and fraudulent practices in Pennsylvania. It states that a person is guilty of forgery if they alter any writing of another without authorization, make, complete, execute, authenticate, issue, or transfer any writing that purports to be the act of another who did not authorize it, or utter any writing that they know to be forged. The document provides a broad definition of ‘writing’ to include various forms of recording information, money, coins, tokens, stamps, seals, credit cards, badges, trademarks, electronic signatures, and other symbols of value, right, privilege, or identification.