§ 3-303. Loans secured by collateral
West's Annotated Code of MarylandFinancial Institutions
MD Code, Financial Institutions, § 3-303
§ 3-303. Loans secured by collateral
A commercial bank may not make any loan the proceeds of which are to be used to pay for any part of a subscription to its capital stock unless the loan is secured adequately by other collateral.
Credits
Added by Acts 1980, c. 33, § 2, eff. July 1, 1980.
Formerly Art. 11, § 81.
MD Code, Financial Institutions, § 3-303, MD FIN INST § 3-303
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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