§ 1148a-4. — Security for economic disaster and special livestock loans.
[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.
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\1\ See References in Text note below.
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(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repealed by Pub.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.