Section 3-303 - Loans for stock subscription.
§ 3-303. Loans for stock subscription.
A commercial bank may not make any loan the proceeds of which are to be used to pay for any part of a subscription to its capital stock unless the loan is secured adequately by other collateral.
[An. Code 1957, art. 11, § 81; 1980, ch. 33, § 2.]