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CHAPTER 13. LOANS. LIMITATIONS ON INDEBTEDNESS. CORPORATE STOCK AND CAPITAL SECURITIES

CHAPTER 13. LOANS. LIMITATIONS ON INDEBTEDNESS. CORPORATE STOCK AND CAPITAL SECURITIES В§ 13.12. Standby letters of credit. (a) meaning. As utilized in this area, the word standby letter of credit means a page of credit, or comparable arrangement nonetheless known as or described, which represents an responsibility towards the beneficiary regarding the area of the...