(a) Except as provided in subsection (b) of this section, the Fund Director and employees of the Fund may not:
- (1) Become indebted to any member association; or
- (2) Engage or be interested in the sale of securities of or in the negotiation of loans for others to or with any member association.
- (b) This section does not apply to a loan that a member association makes to a depositor if the loan is less than the amount of the deposit.
- (c) Any person who violates any provision of this section is subject to dismissal.
Added by Acts 1985, 1st Sp. Sess., c. 6, § 3, eff. May 18, 1985.