1. MCA Contents
  2. TITLE 32
  3. CHAPTER 1
  4. Part 4
  5. 32-1-414 No certificate of deposit to issue for borrowed money

TITLE 32. FINANCIAL INSTITUTIONS

CHAPTER 1. BANKS AND TRUST COMPANIES

Part 4. Operation and Regulation

No Certificate Of Deposit To Issue For Borrowed Money

32-1-414. No certificate of deposit to issue for borrowed money. No bank shall issue its certificate of deposit for the purpose of borrowing money or make partial payments upon any certificate of deposit.

History: En. Sec. 111, Ch. 89, L. 1927; re-en. Sec. 6014.122, R.C.M. 1935; R.C.M. 1947, 5-1038.