§ 6-611. Prohibited loans

Latest version.

   A credit union may not make a loan to any person except:

   (1) A member of the credit union;

   (2) Another credit union; or

   (3) A credit union service organization.

HISTORY: An. Code 1957, art. 11, § 152, 161; 1980, ch. 33, § 2; 2001, ch. 147, § 1; ch. 148, § 1.

                    
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