AGO Opinion Topics: PERSON INCLUDING CORPORATION SIN PROVISION LIMITING AMOUNT LOAN

The definition of the term "person" as used in section 58, chapter 235, Laws of 1945 (§ 3717-177 Rem. Supp. 1945), as amended by section 5, chapter 257, Laws of 1947 (§ 3717-177 Rem. Supp. 1947), must be construed to include a "corporation" and a savings and loan association may not loan an amount in excess of 2% of its assets to a corporation without the prior written approval of the supervisor.