Line of credit
Upon their own motion or upon application by a member, the credit committee or credit manager may approve a line of credit in advance, and advances may be granted to each member within the limit of such extension of credit. 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 extension of credit.
| EnactedEn. 14-653 by SectionSec. 53, ChapterCh. 38, Laws ofL. 1975 |
| Revised Codes of MontanaR.C.M. 1947, 14-653. |