Section 48.35 Clearinghouses
48.35 CLEARINGHOUSES.
Clearinghouses may make and enforce suitable provisions for effecting, at one place, daily exchanges and the settlement and adjustment of accounts between banks in the same locality and, under appropriate rules, may issue clearinghouse certificates for those purposes only, and may otherwise act in maintaining and enforcing uniformity of methods and harmonious action in banking business.
History:
(7697) RL s 3008; 1985 c 248 s 70