Section 58-10-42 - Insured and guaranteed loans

Any association may make, without regard to any loan limitations or restrictions otherwise imposed by the Savings and Loan Act, any loan, secured or unsecured, which is insured or guaranteed in any manner and in any amount by the United States or any instrumentality thereof. History: 1953 Comp., § 48-15-86, enacted by Laws 1967, ch. 61, § 42. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 10 Am. Jur. 2d Banks § 420. 9 C.J.S. Banks and Banking § 605.