12 U.S.C. § 83 - Loans by bank on its own stock
|Cite as:||12 U.S.C. § 83|
|Currency:||Current through P.L. 116-158 (08/14/2020)|
(a) General prohibition
No national bank shall make any loan or discount on the security of the shares of its own capital stock.
For 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.
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