12 USC 1148a-4 - Security for Economic Disaster and Special Livestock Loans

Loans under section 1148a–2(b) and (c) 1 of this title shall be secured by the personal obligation and available security of the producer or producers, and in the case of loans to corporations or other business organizations, by the personal obligation and available security of each person holding as much as 10 per centum of the stock or other interest in the corporation or organization.

(July 14, 1953, ch. 192, §2, 67 Stat. 150.)

Sections:  Previous  1141d-1  1141e  1141f  1141h  1141i  1141j  1148  1148a-4  1148b  1148c  1148d  1150  1150a  1150b  1150c  Next

Last modified: October 26, 2015