§412:10-411 Loans to other credit unions. A credit union may make loans to other credit unions, central credit unions, corporate credit unions or a central liquidity facility established under federal or state law; provided that the loans shall be approved by the board of directors and that the aggregate of all loans to such credit unions and a central liquidity facility shall not exceed twenty-five per cent of the lending credit union's capital. [L 1993, c 350, pt of §1]
Section: Previous 412-10-404 412-10-405 412-10-406 412-10-407 412-10-408 412-10-409 412-10-410 412-10-411 412-10-412 412-10-413 412-10-500 412-10-501 412-10-502 412-10-503 412-10-600 NextLast modified: October 27, 2016