Ariz. Rev. Stat. § 6-354 – Loans on capital stock or capital obligations of a bank | Midpage
§ 6-354
Ariz. Rev. Stat. § 6-354
Loans on capital stock or capital obligations of a bank
No bank shall take or hold its capital stock or its capital obligations as security for an obligation to the bank unless such security is necessary to prevent loss on an obligation previously contracted.