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2020 Nebraska Revised Statutes
Chapter 21 - Corporations and Other Companies
21-1794 Participation loans.
Universal Citation: NE Code § 21-1794 (2020)
21-1794. Participation loans.
A credit union may participate in loans to credit union members jointly with other credit unions, credit union organizations, or other organizations pursuant to written policies established by the board of directors. A credit union which originates such a loan shall retain an interest of at least ten percent of the face amount of the loan.
Source
- Laws 1996, LB 948, ยง 94.
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