Arizona Arizona Revised Statutes
§ 6-354 — Loans on capital stock or capital obligations of a bank
ARS § 6-354Title 6. Banks and Financial Institutions · Ch. 2. BANK ORGANIZATION AND REGULATION · Art. 9. Loans
Statute text
View on source6-354. Loans on capital stock or capital obligations of a bank No bank shall take or hold its capital stock or its capital obligations as security for an obligation to the bank unless such security is necessary to prevent loss on an obligation previously contracted.