Statutes, codes, and regulations
Mississippi Code 1972
Title 81 - BANKS AND FINANCIAL INSTITUTIONS
Chapter 13 - CREDIT UNIONS
Section 81-13-41 - Power to borrow

Miss. Code § 81-13-41

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Current through 6/1/2024
Section 81-13-41 - Power to borrow

A credit union shall have the power to borrow from any source, but the total of such borrowing shall at no time exceed fifty percent (50%) of the capital and surplus of the borrowing credit union.

Miss. Code § 81-13-41

Codes, 1930, § 4250; 1942, § 5411; Laws, 1924, ch. 177; Laws, 1975, ch. 444, § 3; reenacted, Laws, 1982, ch. 304, § 23; Laws, 1995, ch. 374, § 23; reenacted without change, Laws, 1997, ch. 368, § 22; reenacted without change, Laws, 2001, ch. 408, § 22, eff. 7/1/2001.