9-1124. Same; investment by banks; limitations.
9-1124
9-1124. Same; investment by banks; limitations.
No limitation or prohibition otherwise imposed by any provision of
state law exclusively relating to banks shall prevent any
state bank or banks
from investing not more than 10% of the paid-in and
unimpaired capital and unimpaired surplus in a bank service
corporation. No bank shall invest more than 5% of its total assets in
bank service corporations.
History: L. 1963, ch. 64, § 2; L. 1984, ch. 48, § 11; July 1.