A credit union shall have the power to borrow from any source, but the total of such borrowing shall at no time exceed fifty percent (50%) of the capital and surplus of the borrowing credit union.
Sources: Codes, 1930, § 4250; 1942, § 5411; Laws, 1924, ch. 177; Laws, 1975, ch. 444, § 3; reenacted, 1982, ch. 304, § 23; Laws, 1995, ch. 374, § 23; reenacted without change, Laws, 1997, ch. 368, § 22; reenacted without change, Laws, 2001, ch. 408, § 22, eff from and after July 1, 2001.
A credit union shall have the power to borrow from any source, but the total of such borrowing shall at no time exceed fifty percent (50%) of the capital and surplus of the borrowing credit union.
Sources: Codes, 1930, § 4250; 1942, § 5411; Laws, 1924, ch. 177; Laws, 1975, ch. 444, § 3; reenacted, 1982, ch. 304, § 23; Laws, 1995, ch. 374, § 23; reenacted without change, Laws, 1997, ch. 368, § 22; reenacted without change, Laws, 2001, ch. 408, § 22, eff from and after July 1, 2001.
A credit union shall have the power to borrow from any source, but the total of such borrowing shall at no time exceed fifty percent (50%) of the capital and surplus of the borrowing credit union.
Sources: Codes, 1930, § 4250; 1942, § 5411; Laws, 1924, ch. 177; Laws, 1975, ch. 444, § 3; reenacted, 1982, ch. 304, § 23; Laws, 1995, ch. 374, § 23; reenacted without change, Laws, 1997, ch. 368, § 22; reenacted without change, Laws, 2001, ch. 408, § 22, eff from and after July 1, 2001.
