In no case shall a loan be made by any State bank which when added to the then existing total loans to the borrower thereof would increase the total to more than twenty-five per cent of the capital, surplus and deposits of the bank, less the amount invested in real estate, bonds or other securities.

HISTORY: 1962 Code Section 8-227; 1952 Code Section 8-227; 1942 Code Section 7857; 1932 CodeSection 7869; Civ. C. '22 Section 3999; Civ. C. '12 Section 2661; Civ. C. '02 Section 1776; R. S. 1539a; 1897 (22) 463; 1923 (33) 159; 1936 (39) 1495.