31-25-45 - Purchase of bonds by Bank.
§ 31-25-45. Purchase of bonds by Bank.
The bank, subject to such agreements with bondholders as may then exist, shall have power out of any funds available therefor to purchase bonds of the bank, which shall thereupon be cancelled, at a price or prices as shall be determined by the bank.
Sources: Laws, 1986, ch. 455, § 23, eff from and after passage (approved April 10, 1986).