Del. Code tit. 5 § 1912

Current through 2024 Legislative Session Act Chapter 510

Section 1912 - Limitation on loans not secured by first mortgage on real estate

Not more than 50 percent of the shareholders' invested capital in any building and loan association doing business in this State shall be loaned on real estate security on other than first liens.

5 Del. C. § 1912

32 Del. Laws, c. 107, § 7; 39 Del. Laws, c. 19, § 1; Code 1935, § 2342; 5 Del. C. 1953, § 1912; 56 Del. Laws, c. 328, § 6.;