Section 31.20.110. Funds to be deposited in designated depository.

Latest version.

A development credit corporation shall not deposit any of its funds in any institution unless such institution has been designated as a depository by a vote of a majority of the directors, exclusive of the vote of any director who is an officer or director of the depository so designated.

[ 1959 c 213 § 11.]

1959 c 213 § 11.

                    
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