California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 5. CREDIT UNIONS |
Chapter 4. Management and Operations |
ARTICLE 6. Investments |
Section 14655.
Latest version.
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A credit union may purchase from the owner thereof a promissory note upon which a member is primary obligor provided the credit union could have made a loan to such member in the amount and upon the terms and conditions provided in such note under the provisions of this division.
(Added by Stats. 1979, Ch. 112.)