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NORTH CAROLINA STATUTES AND CODES
§ 54-109.70. Line of credit.
§54‑109.70. Line of credit.
A line of credit and advancesmay be granted to each member within guidelines established by the board ofdirectors. Where a line of credit has been approved, no additional loanapplications are required as long as the aggregate obligation does not exceedthe limit of such line of credit. (1975, c. 538, s. 1.)
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