2017 Massachusetts General Laws
PART I ADMINISTRATION OF THE GOVERNMENT
TITLE XXII CORPORATIONS
Chapter 171 CREDIT UNIONS
Section 76 National Credit Union Administration Central Liquidity Facility; membership

Universal Citation: MA Gen L ch 171 § 76 (2017)

Section 76. A credit union may, with the approval of the commissioner, become a regular member of the National Credit Union Administration Central Liquidity Facility, established by 12 USC 1795b and may invest in the shares of the National Credit Union Administration Central Liquidity Facility; provided, however, that such investment shall not exceed the amount necessary to become a member of such facility.

A credit union may, with the approval of the commissioner become a member of any corporate credit union which has been approved to act as an agent of the National Credit Union Administration Central Liquidity Facility.

Disclaimer: These codes may not be the most recent version. Massachusetts may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.