12 U.S. Code § 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.

Source

(July 14, 1953, ch. 192, § 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Section 1148a–2 (b) and (c) of this title, referred to in text, was repealed by Pub.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, § 341(a),Aug. 8, 1961, 75 Stat. 318.

 

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