# Title 13 — Department of Financial Institutions

## Article 13-03 — Credit Unions

## Chapter 13-03-13 — Authorizations

Low-Income Designated Credit Unions
### § 13-03-13-01. Community development revolving loan program.

Credit unions may participate in the national credit union administration's community development
revolving loan program for credit unions subject to the rules established under part 705 of the national
credit union administration's rules and regulations.
History: Effective March 1, 1988; amended effective December 1, 1992; January 1, 2007.
General Authority: NDCC 6-01-04
Law Implemented: NDCC 6-06-06
### § 13-03-13-02. Designation of low-income status - Receipt of secondary capital accounts by

low-income designated credit unions.
A credit union may be designated as a low-income credit union and may offer secondary capital
accounts subject to the rules established by the national credit union administration under part 701.34
of the national credit union administration's rules and regulations.
History: Effective March 1, 1988; amended effective December 1, 1992; January 1, 2007.
General Authority: NDCC 6-01-04
Law Implemented: NDCC 6-06-06
### § 13-03-13-03. Effective date of authority to invest.

Repealed effective January 1, 2007.
### § 13-03-13-04. Authority to invest in credit union service organizations.

Repealed effective January 1, 2007.
### § 13-03-13-05. Definitions.

Repealed effective January 1, 2007.
### § 13-03-13-06. Application.

Repealed effective January 1, 2007.

### § 13-03-13-07. Hearing.

Repealed effective January 1, 2007.
### § 13-03-13-08. Permissible services and activities.

Repealed effective January 1, 2007.
### § 13-03-13-09. Limitations on investments in credit union service organizations.

Repealed effective January 1, 2007.
### § 13-03-13-10. Conflict of interest.

Repealed effective January 1, 2007.
### § 13-03-13-11. Examinations.

Repealed effective January 1, 2007.
