Legislation
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.
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.