§ 53-156. Term "stock" to include preferred stock. - North Carolina Statutes

§53‑156.  Term "stock" to include preferred stock.

Whenever in existing bankinglaw, the words "stock," "stockholders,""capital," or "capital stock" are used, the same shall bedeemed to include preferred stock: Provided, that no bank issuing preferred stockunder the provisions hereof, shall be permitted at any time to make loanssecured by such preferred stock; provided further that such words shall not bedeemed to include preferred stock where they are used in G.S. 53‑2, 53‑10,53‑80, 53‑87, 53‑88 and 53‑139. (1933,c. 155, s. 9; 1935, c. 80; 1953, c. 675, s. 5; 1979, c. 483, s. 18.)