No association shall deposit any of its funds except with a federal home loan bank, or with a depository insured by the Federal Deposit Insurance Corporation or its successor, or the Federal Savings and Loan Insurance Corporation, or its successor, or the National Credit Union Share Insurance Fund or its successor, and approved by a vote of a majority of the directors of the association.
R.S. 6:782 active rs title
Depositories ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1970, No. 234, §1
- amendment Acts 1983, No. 675, §1