§415. Participation in public agencies
70 words·~1 min read·
/me/title-9-b-financial-institutions/chapter-41-general-powers/415·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
To the extent authorized by the superintendent pursuant to regulations, a financial institution has the power to participate in a public agency created under the laws of this State or of the United States, the purpose of which is to afford advantages or safeguards to financial institutions, depositors or investors and to comply with all requirements and conditions imposed upon such participants. [PL 1997, c. 398, Pt. I, §8 (AMD).]