13-3-401. Real estate loans.
(a) Any bank may make real estate loans upon real estate secured by a mortgage, deed of trust or other instrument of similar security which comprises a lien upon the secured property. A bank may make a real estate loan or purchase these obligations in whole or in part at any time prior to the maturity of the obligation if the participation interest of the bank is adequately protected by the terms of the participation agreement.
(b) Repealed By Laws 1983, Ch. 20, §§ 1 & 2; 2014, Ch. 32, § 1.
(c) Repealed By Laws 2014, Ch. 32, § 1.
(d) Repealed By Laws 1996, ch. 54, § 1.
(e) Repealed by Laws 1992, ch. 46, § 2.
(f) Repealed By Laws 2014, Ch. 32, § 1.
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