Loans shall be made only with the approval of the board of directors, or a committee appointed by the board of directors as provided by the bylaws. Loans shall be made in sums of $200 or a multiple or fractional part thereof. No loan shall be made in excess of $25,000 on any one piece of property.
Loans
9 V.I.C. § 298 — under Savings and Loan Associations.
9 V.I.C. § 298