§412:6-202 - Membership in federal home loan bank.
§412:6-202 Membership in federal
home loan bank. Any savings bank may become a member of a federal home
loan bank organized under authority of the Federal Home Loan Bank Act, or any
successor or similar system of federal home loan banks established by Congress,
and may purchase and hold the shares of such federal home loan bank. The
savings bank may have and exercise all powers not in conflict with the laws of
this State incident to such membership; provided, however that notwithstanding
such membership the savings bank and its directors, officers, and shareholders
shall continue to be subject to all liabilities and duties imposed upon them by
any law of this State. [L 1993, c 350, pt of §1]