PART V. TRUST DEPOSITS LIABILITIES
AND PLEDGE OF ASSETS
§621. Borrowing limit
Except with the prior written approval of the commissioner, a trust company may not have outstanding liabilities exceeding an amount equal to three times its capital. However, the commissioner may impose a lower limit consistent with the safety and soundness of the trust company.
Acts 2003, No. 573, §1, eff. June 27, 2003.
PART V. TRUST DEPOSITS LIABILITIES
AND PLEDGE OF ASSETS
§621. Borrowing limit
Except with the prior written approval of the commissioner, a trust company may not have outstanding liabilities exceeding an amount equal to three times its capital. However, the commissioner may impose a lower limit consistent with the safety and soundness of the trust company.
Acts 2003, No. 573, §1, eff. June 27, 2003.
PART V. TRUST DEPOSITS LIABILITIES
AND PLEDGE OF ASSETS
§621. Borrowing limit
Except with the prior written approval of the commissioner, a trust company may not have outstanding liabilities exceeding an amount equal to three times its capital. However, the commissioner may impose a lower limit consistent with the safety and soundness of the trust company.
Acts 2003, No. 573, §1, eff. June 27, 2003.
