COMMON-BOND DOCTRINE

glossary /
common-bond doctrine. The rule that prospective members of a credit union must share some connection (such as common employment) other than a desire to create a credit union. [Cases: Building and Loan Associations

6. C.J.S. Building and Loan Associations, Savings and Loan Associations, and Credit Unions ¡ì¡ì 31¨C32, 45.]

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