Delaware Statutes
§ 1912 — Limitation on loans not secured by first mortgage on real estate
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.
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Legislative History
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
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