Limitation on loans not secured by first mortgage on real estate.

5 Del. C. § 1912., under Powers and Conduct of Business.

5 Del. C. § 1912.

§ 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.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;