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Section 23-35-802 - Commission or compensation for sale of shares, grant of loans, etc — Arkansas Law | CourtGPT
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  3. Arkansas/
  4. Title 23 - Public Utilities and Regulated Industries (§§ 23-1-101 — 23-119-105)/
  5. Subtitle 2 - Financial Institutions and Securities/
  6. Chapter 35 - Credit Unions Sub/
  7. Subchapter 8 - Prohibited Practices/
  8. Section 23-35-802 - Commission or compensation for sale of shares, grant of loans, etc
Arkansas Legal Code

Section 23-35-802 - Commission or compensation for sale of shares, grant of loans, etc

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No credit union shall pay or receive any commission or compensation for securing members, for the sale of its shares, or for the granting of loans to its members or to other credit unions except for loan origination fees which are specifically provided for in § 23-35-603.Acts 1971, No. 132, § 6; 1979, No. 206, § 1; 1985, No. 936, § 4; A.S.A. 1947, § 67-906.