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Simple English definitions for legal terms

common-bond doctrine

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A quick definition of common-bond doctrine:

The common-bond doctrine is a rule that says people who want to join a credit union must have something in common, like working for the same company or living in the same area. This means that they can't just join because they want to be part of a credit union. They need to have a shared connection with other members.

A more thorough explanation:

The common-bond doctrine is a rule that requires individuals who want to become members of a credit union to share a common connection, such as working for the same company or living in the same community. This connection must be something other than just a desire to join the credit union.

For example, if a credit union is formed for employees of a particular company, only those employees would be eligible to join. Similarly, if a credit union is formed for residents of a particular neighborhood, only those residents would be eligible to join.

The common-bond doctrine helps credit unions maintain a sense of community and shared purpose among their members. By requiring members to have a common connection, credit unions can better serve the needs of their members and provide more personalized financial services.

common-authority rule | common business purpose

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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