§ 689h. Bank participation
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/usc/title-15/section-689hA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)In general Except as provided in subsection (b), any national bank, any member bank of the Federal Reserve System, and (to the extent permitted under applicable State law) any insured bank that is not a member of such system, may invest in any New Markets Venture Capital company, or in any entity established to invest solely in New Markets Venture Capital companies.
(b)Limitation No bank described in subsection
(a)may make investments described in such subsection that are greater than 5 percent of the capital and surplus of the bank.
(Pub. L. 85–699, title III, § 359, as added Pub. L. 106–554, § 1(a)(8) [§ 1(b)(3)], Dec. 21, 2000, 114 Stat. 2763, 2763A–661.)
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- Pub. L. 85–699, title III, § 359
- Pub. L. 106–554, § 1(a)(8) [§ 1(b)(3)]
- 114 Stat. 2763
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§ 689h
Bank participation
Stat. Comp.×1
Pub. L.Pub. L. 85–699, title III, § 359
Pub. L.Pub. L. 106–554, § 1(a)(8) [§ 1(b)(3)]
Stat.114 Stat. 2763
Cites 3Cited by 1 across 1 source