CHAPTER 13. LOANS. LIMITATIONS ON INDEBTEDNESS. COMPANY STOCK payday advances direct lender Hershey AND CASH SECURITIES
INFORMATION IN DIRECTION OF RENEGOTIABLE-RATEMORTGAGE
COMPANY MONEY and STOCK SECURITIES
Р’В§ www.title-max.com/installment-loans/ 13.41. Collateral loans.
To your exact exact same level that a company is forbidden from making use of pledges of stock or cash securities concerning the company it self as safety security when it comes to loan, under components h that is 202( and 311(c) of the work (7 P. S. Р’В§ Р’В§ 202(h) and 311(c)), may well not only simply take pledges of stock or cash securities of its affiliates and even the business that has or controls the key town stock from the company.
The conditions with this Р’В§ 13.41 released under area 103(a)(viii) when it comes to Banking Code of 1965 (7 P. S. Р’В§ 103(a)(viii)).
The conditions with this Р’В§ 13.41 adopted 18, 1970, effective, 1 Pa.B. 213 august.
Р’В§ 13.42. Loans to hold stocks and cash securities.
To the degree this is certainly exact exact exact same a business is forbidden from expanding credit for the intended purpose of enabling a customer to obtain or hold shares or cash securities related to company, underneath the conditions of part 311(e) for the job (7 P. Continue reading “CHAPTER 13. LOANS. LIMITATIONS ON INDEBTEDNESS. COMPANY STOCK AND CASH SECURITIES”