18.822 Debt requirements.
18.822
18.822 Debt requirements. The authorizing resolution for an obligation under this subchapter shall require that all of the following conditions be met:18.822(1)
(1) The terms of the obligation are structured to encourage ownership by as many individuals as possible.18.822(2)
(2) The evidences of the obligation are issued in denominations of not more than $1,000.18.822 - ANNOT.
History: 1989 a. 46.