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  • SECTION 381
    Power to take and hold real estate; restrictions
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  • ARTICLE 10
    Savings and Loan Associations
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  • SECTION 382-A
    Power to act as trustee under self-employed retirement trust and of individual retirement account; investment in savings account
    • This entry was published on 2014-09-22
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    SECTION 382

    Power to borrow

    Banking (BNK) CHAPTER 2, ARTICLE 10

    § 382. Power to borrow. Subject to such regulations as the
    superintendent of financial services may promulgate, a savings and loan
    association may borrow money and pledge its assets as security for the
    repayment thereof if it has been authorized so to do by the vote of a
    majority of its board of directors.