Excerpt from The Credit Association as an Agency for Rural Short-Time Credit State, and also to invest in the shares of such unions. The laws of Massachusetts and North Carolina, however, limit such investment. In shares to 20 per cent and 10 per cent, respectively, of the investing association's capital and surplus. The Massachusetts law, in addition, provides that one association may purchase the bonds of other credit associations. The laws of six States - Rhode Island, South Carolina, Wisconsin, Nebraska, Utah, and ...
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Excerpt from The Credit Association as an Agency for Rural Short-Time Credit State, and also to invest in the shares of such unions. The laws of Massachusetts and North Carolina, however, limit such investment. In shares to 20 per cent and 10 per cent, respectively, of the investing association's capital and surplus. The Massachusetts law, in addition, provides that one association may purchase the bonds of other credit associations. The laws of six States - Rhode Island, South Carolina, Wisconsin, Nebraska, Utah, and Texas, do not specifically authorize the use of funds in this manner, but neither is there any provision in these laws which would seem to prohibit such action. Interunion ao commodation of the kinds above mentioned may be made decidedly helpful, since some. Of these organizations are handicapped by their limited funds available for loans, while others, particularly city unions, frequently have a surplus of funds on hand. Even where the privilege clearly exists, however, little use has as yet been made of it, since the officials of unions have apparently preferred to deposit their surplus funds with a local bank or to invest them in Government bonds. This attitude may, in part, be explained by the fact that the different unions or associations have not as yet had time to become acquainted with each other or to establish reputations extending out side of their own localities. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Add this copy of The Credit Association as an Agency for Rural Short to cart. $14.11, new condition, Sold by Paperbackshop rated 4.0 out of 5 stars, ships from Bensenville, IL, UNITED STATES, published 2018 by Forgotten Books.
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