No savings bank may make any loan to a director, officer or principal shareholder of the savings bank or any company owned or controlled by the savings bank if such a loan would be prohibited for a bank that is subject to 12 C.F.R. Part 215, commonly known as Regulation O.
(Added to NRS by 1967, 1022; A 1983, 658, 1787; 1987, 1971; 2017, 1940)