§5-16-23. Issuance, etc., of certificates of indebtedness; receipt of public deposits; payment of guaranteed rate of interest.

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No association shall issue, sell, negotiate or advertise for sale any certificates of indebtedness or receive deposits from the public. No association shall agree to pay a guaranteed rate of interest or fixed amount in dividends upon any accounts issued by it.

(Acts 1939, No. 459, p. 616; Code 1940, T. 5, §229.)

                    
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