{"data":{"id":"us-nc/n.c.-gen.-stat.-54-109.70","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 54-109.70","heading":"Line of credit.","body":"A line of credit and advances may be granted to each member within guidelines established by the board of directors. Where a line of credit has been approved, no additional loan applications are required as long as the aggregate obligation does not exceed the limit of such line of credit. (1975, c. 538, s. 1.)","path":["Chapter 54. Cooperative Organizations.","SUBCHAPTER III. CREDIT UNIONS.","Article 14G. Loans."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_54/GS_54-109.70.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:32Z","sha256":"52861ed31739b28975f58d92fa209d9cdbcd0bb2671e6b4bf36f7327f7883c36","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-54-109.69","next":"us-nc/n.c.-gen.-stat.-54-109.71"},"notice":"GroundRules: Original legal text. Not legal advice."}