Sec. 18. 9-B MRSA §827, sub-§3, as enacted by PL 1995, c. 512, §1, is amended to read:

3. Lien on shares. A credit union may impress and enforce a lien on the shares and dividends of a member to the extent of any loan made to and any dues or charges payable by that member. A credit union that has been designated a community development credit union pursuant to section 817 may impress and enforce a lien on the shares and dividends of a nonmember to the extent of any loan made to and any dues or charges payable by that nonmember.

Sec. 19. 9-B MRSA §831, sub-§2, as amended by PL 1997, c. 108, §11, is further amended to read:

2. Share transactions. The provisions of section sections 422-A, 427, 428 and 429 are applicable to shares or share accounts in a credit union.

Sec. 20. 9-B MRSA §832, sub-§2, as amended by PL 1979, c. 663, §54, is further amended to read:

2. Payments to fund. Before the payment of a dividend, there shall must be set apart into the guaranty fund a percentage of the gross income of the credit union which that was accumulated during the preceding dividend period, in the following manner:

A. For credit unions in operation less than 4 years or having assets of less than $500,000, 10% of gross income until the guaranty fund shall equal equals 7% of the total outstanding loans and risk assets of the credit union and then 5% of the gross income until the guaranty fund shall equal equals 10% of the total outstanding loans and risk assets; or

B. For credit unions in operation more than 4 years and having assets of $500,000 or more, 10% of gross income until the guaranty fund shall equal equals 4% of the total outstanding loans and risk assets of the credit union and then 5% of the gross income until the guaranty fund shall equal equals 6% of the total outstanding loans and risk assets.