Opinion No. 49-1203 Ag
This text of Opinion No. 49-1203 Ag (Opinion No. 49-1203 Ag) is published on Counsel Stack Legal Research, covering Oklahoma Attorney General Reports primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
** CREDIT UNIONS — LOANS SECURED BY REAL ESTATE ** QUESTION: IN VIEW 6 O.S. 395.6 [6-395.6](D) A CREDIT UNION ORGANIZED AND DOING BUSINESS UNDER THE LAWS OF THE STATE OF OKLAHOMA, IS AUTHORIZED TO MAKE LOANS SECURED BY REAL ESTATE MORTGAGES TO PERSONS WHO ARE 'NOT' MEMBERS OF SUCH CREDIT UNION? ANSWER: A CREDIT UNION ORGANIZED AND DOING BUSINESS UNDER THE LAWS OF THE STATE OF OKLAHOMA IS 'NOT' AUTHORIZED TO MAKE LOANS TO ANY PERSON WHO IS NOT A MEMBER OF SUCH CREDIT UNION. (LOANS) CITE: 6 O.S. 395.1 [6-395.1], 6 O.S. 395.2 [6-395.2] (JAMES C. HARKIN)
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Opinion No. 49-1203 Ag, Counsel Stack Legal Research, https://law.counselstack.com/opinion/opinion-no-49-1203-ag-oklaag-1949.