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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Last revised: Thursday, May 28, 2009