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MAINE STATUTES AND CODES
9-B §856. Loans to other credit unions
Title 9-B: FINANCIAL INSTITUTIONS
Part 8: CREDIT UNIONS
Chapter 85: LOANS
§856. Loans to other credit unions
Subject to the approval of its board of directors, a credit union may make loans to other credit unions located in this State; provided that the aggregate loans outstanding at any one time to any one credit union shall not exceed 10% of the share capital and surplus of the lending credit union. [1975, c. 500, §1 (NEW).]
SECTION HISTORY
1975, c. 500, §1 (NEW).
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