§ 7.5003. Composite authority to engage in electronic activities.
46 words·~1 min read·
/us/cfr/t12/s§ 7.5003·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Unless otherwise prohibited by Federal law, a national bank may engage in an electronic activity that is comprised of several component activities if each of the component activities is itself part of or incidental to the business of banking or is otherwise permissible under Federal law.