GroundRules
N.C. Gen. Stat. § 54C-123: Prohibited security.
Where this section sits in the code
- Chapter 54C. Savings Banks.
- Article 7. Loans and Investments.
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.)
Collected 2026-08-27T18:05:47Z. Source file · JSON