N.Y. Comp. Codes R. & Regs. tit. 3 § 95.1

Current through Register Vol. 46, No. 53, December 31, 2024

Section 95.1 - Borrowings for the purpose of repaying shareholders

A credit union may borrow money for the purpose of repaying shareholders, and pledge its assets to secure any such borrowing, in any amount.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 95.1