17:9A-211.Ā  Liability secured by own stock No bank shall permit the incurring of any liability to it on the security ofĀ  shares of its own capital stock;Ā  but a bank may take shares of its own capitalĀ  stock as security or additional security for a debt previously contracted inĀ  good faith.

L.1948, c. 67, p. 349, s. 211.
Ā