§ 502. Powers of central or corporate credit unions
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 17 Pa.C.S.A. Credit Unions
17 Pa.C.S.A. § 502
§ 502. Powers of central or corporate credit unions
(a) General rule.--A central or corporate credit union shall have the general power to enjoy the powers and privileges of any other credit union incorporated under this title in addition to those powers enumerated in this section, or otherwise granted to corporate or central credit unions, regardless of any limitations or restrictions found elsewhere in this title.
(5) Acquire or sell the assets and assume the liabilities of a member and to enter into agreements with any credit union organized under the laws of the United States or any state to discount or purchase loans made pursuant to government guaranteed loan programs or real estate loans made by any credit union or any obligations of the United States or any agency thereof held by any credit union.
Credits
1990, Dec. 19, P.L. 834, No. 198, § 302, effective in two months.
17 Pa.C.S.A. § 502, PA ST 17 Pa.C.S.A. § 502
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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