{"data":{"id":"us-nc/n.c.-gen.-stat.-54-109.46","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 54-109.46","heading":"Meetings of credit committee.","body":"The credit committee shall meet as often as the business of the credit union requires and not less frequently than once a month to consider applications for loans. No loan shall be made unless it is approved by a majority of the committee who are present at the meeting at which the application is considered. (1915, c. 115, s. 11; C.S., s. 5235; 1961, c. 1187, s. 22; 1965, c. 956, s. 1; 1969, c. 69, s. 5; 1973, c. 199, s. 10; 1975, c. 538, s. 1.)","path":["Chapter 54. Cooperative Organizations.","SUBCHAPTER III. CREDIT UNIONS.","Article 14E. Direction of Affairs."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_54/GS_54-109.46.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:32Z","sha256":"6327af0bfdf944e1cf126bbe2f8966eaa088b599ababd9f4e364d53ce3a1bf58","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-54-109.45","next":"us-nc/n.c.-gen.-stat.-54-109.47"},"notice":"GroundRules: Original legal text. Not legal advice."}