American Samoa § 24.2215 - Borrowing of money by fund.
Full text of American Samoa American Samoa Code Annotated § 24.2215 — Borrowing of money by fund., with citation guidance and answers to common questions.
§ 24.2215. Borrowing of money by fund.
The Copra Fund shall have the power, on affirmative vote of at least 4 Directors, to borrow money for any corporate purpose, on open account or upon any assets of the Copra Fund, or any property not yet distributed to the producers, in such amounts and upon such terms and conditions as may from time to time seem to the Board of Directors advisable or necessary.
Source: official American Samoa text · Last verified 2026-08-27
Frequently Asked Questions About American Samoa § 24.2215
What does American Samoa Code Annotated § 24.2215 cover?
Section 24.2215 ("Borrowing of money by fund.") is part of the American Samoa Code Annotated, the codified statutory law of American Samoa. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite American Samoa § 24.2215?
A common citation format is "American Samoa Code Annotated § 24.2215" (American Samoa). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of American Samoa law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the American Samoa official source linked on this page or consult a licensed American Samoa attorney.
How does American Samoa § 24.2215 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in American Samoa can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in American Samoa.