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CHAPTER 13. LOANS. LIMITATIONS ON INDEBTEDNESS. BUSINESS STOCK AND SECURITIES that are CAPITAL

CHAPTER 13. LOANS. LIMITATIONS ON INDEBTEDNESS. BUSINESS STOCK AND SECURITIES that are CAPITAL В§ 13.12. Standby letters of credit. (a) meaning. The term standby letter of credit means a letter of credit, or similar arrangement however named or described, which represents an obligation to the beneficiary on the part of the issuing institution to repay […]

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