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