§ 690i. Bank participation

114 words·~1 min read·/usc/title-15/section-690i

A 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 Renewable Fuel Capital Investment company, or in any entity established to invest solely in Renewable Fuel Capital Investment 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, § 390, as added Pub. L. 110–140, title XII, § 1207, Dec. 19, 2007, 121 Stat. 1782.)

Connections2 cite this

Cited by 2 sections

statute-compilations

Sec. 390
BANK PARTICIPATION

statutes-at-large

Public Law 110–140
To move the United States toward greater energy independence and security, to increase the production of clean renewable fuels, to protect consumers, to increase the efficiency of products, buildings, and vehicles, to promote research on and deploy greenhouse gas capture and storage options, and to

3 references not yet in our index

Pub. L. 85–699, title III, § 390
Pub. L. 110–140, title XII, § 1207
121 Stat. 1782

Citation graph

cites case law

§ 690i

Bank participation

Stat. Comp.×1

Stat.×1

Pub. L.Pub. L. 85–699, title III, § 390

Pub. L.Pub. L. 110–140, title XII, § 1207

Stat.121 Stat. 1782

Cites 3Cited by 2 across 2 sources