6-493

6-493. Securities defined; power to issue under
plan

A. The term "securities", as used in this article in respect to any plan, includes
not only shares of guaranty capital and evidences of accounts issuable by an association
under the laws of this state, but also shares of stock of one or more classes issuable by
corporations generally, and bonds, notes, debentures, evidences of indebtedness,
certificates of interest or participation and collateral trust certificates.

B. An association may issue, pursuant to a plan approved under this article, any
one or more of the above mentioned kinds of securities.