Question

Which of the following is permitted for a member needing a loan under Rule 22 of KCS Rules?

• A. Obtaining a loan without any collateral.
• B. Offering land or building as security instead of shares
• C. Borrowing from an external financial institution.
• D. Securing a loan solely based on personal guarantee.

Answer 1

Answer:

B. Offering land or building as security instead of shares

.