(1) Loans to members may be made only in accordance with the NCUA's rules and regulations, Federal Credit Union Act, state statutes, and any interpretive rulings issued by the NCUA.(2) No officer or committee member shall act as endorser or guarantor for other borrowers from the same credit union.Codes, 1930, § 4251; 1942, § 5412; Laws, 1924, ch. 177; Laws, 1962, ch. 237; Laws, 1971, ch. 514, § 2; Laws, 1975, ch. 444, § 4; Laws, 1979 ch. 307, § 8; reenacted, Laws, 1982, ch. 304, § 24; Laws, 1987, ch. 381, § 16; reenacted and amended, Laws, 1995, ch. 374, § 24; reenacted without change, Laws, 1997, ch. 368, § 23; reenacted without change, Laws, 2001, ch. 408, § 23, eff. 7/1/2001.
Mississippi Legal Code