N.C. Gen. Stat. § 54B-153
Prohibited security
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
No association may accept its own capital stock or its own mutual capital certificates as security for any loan made by such association.
No association may accept its own capital stock or its own mutual capital certificates as security for any loan made by such association.
History
(1981, c. 282, s. 3.)
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.