State Codes and Statutes
Statutes > North-carolina > Chapter_54 > GS_54-109_46§54‑109.46. Meetings of credit committee.
The credit committee shallmeet as often as the business of the credit union requires and not lessfrequently than once a month to consider applications for loans. No loan shallbe made unless it is approved by a majority of the committee who are present atthe meeting at which the application is considered. (1915, c. 115, s. 11; C.S.,s. 5235; 1961, c. 1187, s. 22; 1965, c. 956, s. 1; 1969, c. 69, s. 5; 1973, c.199, s. 10; 1975, c. 538, s. 1.)
