RS 6:655
A credit union may borrow from any source, but its total borrowing cannot exceed 50% of paid-in and unimpaired capital and surplus. That cap does not apply to central or corporate credit unions, whose borrowing limits must be set in bylaws approved by the commissioner.
- Jurisdiction
- United States — Louisiana
- Instrument
- Act or statute
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- Undated source snapshot
- Language
- en
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borrowing limits bylaws capital requirements
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RS 6:655
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