§412:10-411 - Loans to other credit unions.
§412:10-411 Loans to other credit unions. Acredit union may make loans to other credit unions, central credit unions,corporate credit unions or a central liquidity facility established underfederal or state law; provided that the loans shall be approved by the board ofdirectors and that the aggregate of all loans to such credit unions and acentral liquidity facility shall not exceed twenty-five per cent of the lendingcredit union's capital. [L 1993, c 350, pt of §1]