3 CRR-NY 95.1NY-CRR
3 CRR-NY 95.1
3 CRR-NY 95.1
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.
3 CRR-NY 95.1
Current through January 31, 2023
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.