Section 13-7-402 – Borrowing From Federal Home Loan Bank.
13-7-402. Borrowing from federal home loan bank. (a) Any state savings and loan association may borrow money from the federal home loan bank, when authorized by resolution of its board of directors, upon terms and rates of interest as may be agreed upon. It may assign and pledge its notes, bonds, mortgages or other property […]
Section 13-7-401 – Debenture Bonds.
13-7-401. Debenture bonds. (a) Except as provided in W.S. 13-7-102, any savings and loan association may issue its debenture bonds maturing not later than five (5) years from the date of issue and bearing interest not exceeding six percent (6%) per annum. No bonds shall be issued unless there are sufficient funds on hand or […]