No savings bank, or subsidiary thereof, may accept its own capital stock or its own mutual capital certificates as security for any loan made by such savings bank. Further, no loans of any type shall be made, either directly or indirectly, for purposes relating to its own stock.
Structure Mississippi Code
Title 81 - Banks and Financial Institutions
Article 7 - Loans and Investments
§ 81-14-301. Investment in loans
§ 81-14-303. Other investments
§ 81-14-305. Prohibited security
§ 81-14-311. Methods of loan repayment
§ 81-14-315. Rule-making power of commissioner
§ 81-14-317. Nonconforming loans and investments