Statutes > Arkansas Statutes > Title 23 - Public Utilities and Regulated Industries > Subtitle 2 - Financial Institutions And Securities > Chapter 38 - Building and Loan Associations -- Miscellaneous Provisions > Subchapter 2 - Organization and Operation > § 23-38-212 - Conveyance of mortgaged property as transfer of shares securing loan.

§ 23-38-212 - Conveyance of mortgaged property as transfer of shares securing loan.

23-38-212. Conveyance of mortgaged property as transfer of shares securing loan.

The conveyance or transfer of property mortgaged to a building and loan association shall, unless otherwise stated in the instrument of conveyance, act as a transfer also of the shares or certificate of the association securing the loan.