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Financial Institutions Act | |
Savings and Loan Associations Act | |
Section 36 | Actions necessary to avoid loss on loans and investments. |
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7-7-36. Actions necessary to avoid loss on loans and investments. Nothing in this code shall be construed as denying to an association the right to invest its funds, operate a business, manage or deal in property, or take any other action reasonably necessary over whatever period of time may reasonably be necessary to avoid loss on a loan or investment made or an obligation created in good faith.
Enacted by Chapter 16, 1981 General Session |
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