Statutes > Arkansas Statutes > Title 23 - Public Utilities and Regulated Industries > Subtitle 2 - Financial Institutions And Securities > Chapter 38 - Building and Loan Associations -- Miscellaneous Provisions > Subchapter 2 - Organization and Operation > § 23-38-219 - Subscription for stock in corporation created by an act of Congress.

§ 23-38-219 - Subscription for stock in corporation created by an act of Congress.

23-38-219. Subscription for stock in corporation created by an act of Congress.

Any building and loan association organized under the laws of the State of Arkansas shall have authority to subscribe for stock in any corporation created by an act of Congress of the United States where subscription is required by the act of Congress as a condition precedent to the securing of a loan to the building and loan association from any corporation created by the act of Congress.