17-2215a. Power of corporate credit unions to borrow increased by amount of certain investments.

17-2215a

Chapter 17.--CORPORATIONS
Article 22.--CREDIT UNIONS

      17-2215a.   Power of corporate credit unions to borrow increased by amount of certain investments. For a corporate credit union, the power to borrow shall be increased by the amount of investments of such credit union in government securities, and, further, the administrator may authorize borrowing in excess thereof.

      History:   L. 1973, ch. 93, § 2; L. 1992, ch. 225, § 6; July 1.