54-109.47. Loan officers.
(a) The credit committee may appoint one or more loan officers and delegate the power to approve loans, subject to such limitations or conditions as the credit committee prescribes.
(b) Loan applications not approved by a loan officer shall be reviewed and acted upon by the credit committee. (1915, c. 115, s. 11; C.S., s. 5235; 1961, c. 1187, s. 22; 1965, c. 956, s. 1; 1969, c. 69, s. 5; 1973, c. 199, s. 10; 1975, c. 538, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 54 - Cooperative Organizations
Article 14E - Direction of Affairs.
§ 54-109.35 - Election or appointment of officials.
§ 54-109.36 - Record of board and committee members.
§ 54-109.38 - Compensation of officials.
§ 54-109.39 - Conflicts of interest.
§ 54-109.40 - Executive officers.
§ 54-109.41 - Authority of directors.
§ 54-109.42 - Executive committee.
§ 54-109.43 - Meetings of directors.
§ 54-109.44 - Duties of directors.
§ 54-109.45 - Authority of credit committee.
§ 54-109.46 - Meetings of credit committee.