9-1124. Same; investment by banks; limitations.
65 words·~1 min read·
/ks/chapter-9/9-1124A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 company. No bank shall invest more than 5% of the bank's total assets in bank service companies.