No savings bank may accept its own capital stock or its own mutual capital certificates as security for any loan made by the savings bank. (1991, c. 680, s. 1.)
Prohibited security
N.C. Gen. Stat. § 54C-123
N.C. Gen. Stat. § 54C-123
N.C. Gen. Stat. § 54C-123
N.C. Gen. Stat. § 54C-123
No savings bank may accept its own capital stock or its own mutual capital certificates as security for any loan made by the savings bank. (1991, c. 680, s. 1.)
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