Definitions—Immediate Family and Household

PURPOSE: This rule defines terms that are used in Missouri credit union law, Chapter 370, RSMo, in the manner that they will be used by the Credit Union Commission and the Division of Credit Unions when implementing Chapter 370, RSMo. (1) “Immediate family” is defined as spouse, child, sibling, parent, grandparent, grandchild, aunt, uncle, niece, nephew, first cousin, or legal guardian and includes step, in-law, and legally adoptive relationships. (2) “Household” is defined as persons living in the same residence who maintain a single economic unit. Included in this definition is any person who is a member of and participates in the maintenance of the household. AUTHORITY: sections 370.062 and 370.063, RSMo 2000 and section 370.080.3, RSMo Supp. 2009.* Original rule filed Oct. 13, 2009, effective April 30, 2010. *Original authority: 370.062, RSMo 1998; 370.063, RSMo 1998; and 370.080, RSMo 1939, amended 1984, 1985, 1991, 1998, 2007.