17:13-73.3 - Agreements; purposes - New Jersey Statutes

17:13-73.3.  Agreements;  purposes    The corporate central union may enter into agreements for the purpose of:

    a.  Participating in any state or federal central liquidity facility or central financial system for credit unions;

    b.  Aiding credit unions in establishing concentrated lines of credit with other financial institutions;  and

    c.  Acting as a depositor and transmitter of funds to carry out these agreements.

     L.1984, c. 171, s. 52, eff. Oct. 31, 1984.