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Statutes, codes, and regulations
General Statutes of North Carolina
Chapter 54B - SAVINGS AND LOAN ASSOCIATIONS
Article 7 - LOANS
Section 54B-153 - Prohibited security

N.C. Gen. Stat. § 54B-153

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Current through Session Law 2024-51
Section 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.

N.C. Gen. Stat. § 54B-153

1981, c. 282, s. 3.

  • Section 54B-152 - Real property encumbrances
  • Section 54B-154 - Insider loans
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