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 Ann. § 81-13-41
Power to borrow
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…
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.