12 U.S.C. § 83
Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
- (a)No national bank shall make any loan or discount on the security of the shares of its own capital stock.
- (b)For purposes of this section, a national bank shall not be deemed to be making a loan or discount on the security of the shares of its own capital stock if it acquires the stock to prevent loss upon a debt previously contracted for in good faith.