§ 6-604. Maximum of loans to single member

Latest version.

The total of all loans made by a credit union directly or indirectly to any one member may not exceed 10 percent of the total assets of the credit union.

HISTORY: An. Code 1957, art. 11, § 152; 1980, ch. 33, § 2; 2001, ch. 147, § 1; ch. 148, § 1.

                    
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