{"data":{"id":"us/12-u.s.c.-83","jurisdiction":"us","citation":"12 U.S.C. § 83","heading":"Loans by bank on its own stock","body":"(a) General prohibitionNo national bank shall make any loan or discount on the security of the shares of its own capital stock. (b) ExclusionFor purposes of this section, a national bank shall not be deemed to be making a loan or discount on the security of the shares of its own capital stock if it acquires the stock to prevent loss upon a debt previously contracted for in good faith.","path":["Title 12—BANKS AND BANKING","CHAPTER 2—NATIONAL BANKS"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc12@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T05:56:24Z","sha256":"94e11b0a2d632296552f46c62ccb9bab8454080af42ae9cb9e80e9a2aee94592","source_id":"us","stale":false,"prev":"us/12-u.s.c.-82","next":"us/12-u.s.c.-84"},"notice":"GroundRules: Original legal text. Not legal advice."}