9-1124. Same; investment by banks; limitations.

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 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.