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Code · North Carolina · Chapter 54B — Savings and Loan Associations

§ 54B-153. Prohibited security.

32 words·~1 min read·/nc/chapter-54b/54b-153

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§ 54B-153. Prohibited security.
No association may accept its own capital stock or its own mutual capital certificates as security for any loan made by such association. (1981, c. 282, s. 3.)
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