54B-153. Prohibited security.
No association may accept its own capital stock or its own mutual capital certificates as security for any loan made by such association. (1981, c. 282, s. 3.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 54B - Savings and Loan Associations
§ 54B-150 - Manner of making loans.
§ 54B-152 - Real property encumbrances.
§ 54B-153 - Prohibited security.
§ 54B-155 - Rule-making power of Commissioner of Banks.
§ 54B-156 - Loan expenses and fees.
§ 54B-157 - Loans conditioned on certain transactions prohibited.
§ 54B-158 - Insured or guaranteed loans.
§ 54B-159 - Purchase of loans.
§ 54B-160 - Participation in loans.
§ 54B-162 - Power to borrow money.
§ 54B-163 - Methods of loan repayment.
§ 54B-164 - Loans to one borrower.
§ 54B-165 - Professional services.