Delaware Code Title 5 Sec. 1912 – Limitation on loans not secured by first mortgage on real estate
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Not more than 50 percent of the shareholders’ invested capital in any building and loan association doing business in this State shall be loaned on real estate security on other than first liens.
32 Del. Laws, c. 107, § ?7; 39 Del. Laws, c. 19, § ?1; Code 1935, § ?2342; 5 Del. C. 1953, § ?1912; 56 Del. Laws, c. 328, § ?6;
Terms Used In Delaware Code Title 5 Sec. 1912
- State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302