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Code · Illinois · Chapter 205 — FINANCIAL REGULATION · Act 305

Sec. 14. Incidental powers.

70 words·~1 min read·/il/chapter-205/act-305/14

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Sec. 14. Incidental powers. A credit union may exercise such incidental powers as are granted corporations organized under the laws of this State including, to the extent such powers are not inconsistent with powers and prohibitions contained in this Act, such powers as are necessary or convenient to enable credit unions to promote and carry on their purposes. The provisions of this Section shall be interpreted liberally and not restrictively.
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