Restriction on requiring collateral.

A local government shall not require a pledge of collateral for that portion of the local government’s deposits in a credit union that is covered by insurance of a federal agency or instrumentality. 84 Acts, ch 1230, §19 C85, §453.15 92 Acts, ch 1156, §24 C93, §12C.15 99 Acts, ch 117, §6, 15