Usufruct
R.S. 6:655

Power to borrow ACTIVE

A. A credit union may borrow from any source, but the total of such borrowing at no time shall exceed fifty percent of its paid in and unimpaired capital and surplus.

B. The limitation in Subsection A of this Section shall not apply to a central or corporate credit union. However, the borrowing limitations of a central or corporate credit union shall be provided for in its bylaws as approved by the commissioner.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1954, No. 530, §1
  • amendment Acts 1983, No. 351, §1

Section navigation

Cite R.S. 6:655

Bluebook
La. Rev. Stat. Ann. § 6:655 (2026).
Permalink
https://theusufruct.com/rs/title-6/section-655
BibTeX
@misc{larevstat-6-655,
  title        = {La. Rev. Stat. Ann. § 6:655},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-6/section-655},
  note         = {Snapshot 2026-05-22}
}