26-711 LENDING OF CREDIT -- SURETYSHIP AND GUARANTYSHIP.
BANKS AND BANKING
CHAPTER 7
LIMITATIONS ON LOANS, INVESTMENTS, AND PRACTICES
26-711. Lending of credit -- Suretyship and guarantyship. A bank may lend its credit, bind itself as a surety to indemnify another, or otherwise become a guarantor, only if it has a substantial interest in the performance of the transaction involved or has a segregated deposit sufficient in amount to cover the bank’s total potential liability.