RS 3:209
The corporation may make contracts, agreements, and loans to a non-member borrower if the borrower is a member’s tenant or lessee, or a member guarantees the loan, and the required capital stock security is pledged and delivered. The act must also state the borrower’s position, and the member lessor or guarantor must i
- Jurisdiction
- United States — Louisiana
- Instrument
- Act or statute
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
Statute overview
About this statute
The corporation may make contracts, agreements, and loans to a non-member borrower if the borrower is a member’s tenant or lessee, or a member guarantees the loan, and the required capital stock security is pledged and delivered. The act must also state the borrower’s position, and the member lessor or guarantor must intervene.
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RS 3:209
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