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§ 1148a-4. —  Security for economic disaster and special livestock loans. - US § 1148a-4. —  Security for economic disaster and special livestock loans. - US Code : CHAN ROBLES VIRTUAL LAW LIBRARY

[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
  January 24, 2002 and December 19, 2002]
[CITE: 12USC1148a-4]

 
                       TITLE 12--BANKS AND BANKING
 
          CHAPTER 7B--REGIONAL AGRICULTURAL CREDIT CORPORATIONS
 
Sec. 1148a-4. Security for economic disaster and special 
        livestock loans
        
    Loans under section 1148a-2(b) and (c) \1\ of this title shall be 
secured by the personal obligation and available security of the 
producer or producers, and in the case of loans to corporations or other 
business organizations, by the personal obligation and available 
security of each person holding as much as 10 per centum of the stock or 
other interest in the corporation or organization.
---------------------------------------------------------------------------
    \1\ See References in Text note below.
---------------------------------------------------------------------------

(July 14, 1953, ch. 192, Sec. 2, 67 Stat. 150.)

                       References in Text

    Section 1148a-2(b) and (c) of this title, referred to in text, was 
repealed by Pub. L. 87-128, title III, Sec. 341(a), Aug. 8, 1961, 75 
Stat. 318.




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