9-1124

Chapter 9.--BANKS AND BANKING; TRUST COMPANIES
Article 11.--BANKING CODE; POWERS

      9-1124.   Same; investment by banks; limitations.No limitation or prohibition otherwise imposed by any provision ofstate law exclusively relating to banks shall prevent anystate bank or banksfrom investing not more than 10% of the paid-in andunimpaired capital and unimpaired surplus in a bank servicecorporation. No bank shall invest more than 5% of its total assets inbank service corporations.

      History:   L. 1963, ch. 64, § 2; L. 1984, ch. 48, § 11; July 1.