TITLE XXXV BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
CHAPTER 383-E CREDIT UNION ACT
ARTICLE 5 Directors and Officers
Section 383-E:5-513
383-E:5-513 Lien and Right of Set-Off. –
The credit union shall have a lien on the shares, share certificates, deposits, deposit certificates, and accumulated dividends or interest of a member in his individual, joint or trust account, for any sum past due the credit union from said member or for any loan endorsed by him or her. The credit union shall also have a right of immediate set-off with respect to every account.