NRS 672.730
Loans to and guaranties by directors and members of committees.

1.

A credit union may make loans to its directors and to members of its committees, except that any loan or aggregate of loans to any one director or member of a committee which is more than $30,000 plus pledged shares must be approved by the board.

2.

A credit union may permit its directors and members of its committees to act as guarantor or endorser of loans to other members, except that when such a loan standing alone or when added to any outstanding loan to the guarantor is more than $30,000, approval of the board is required.

Source: Section 672.730 — Loans to and guaranties by directors and members of committees., https://www.­leg.­state.­nv.­us/NRS/NRS-672.­html#NRS672Sec730.

Last Updated

Feb. 5, 2021

§ 672.730’s source at nv​.us