(a) In addition to loans and acquisitions expressly authorized by this chapter, a state bank may deal in, underwrite, and invest in for its own account the obligations that the department by regulation authorizes the bank to deal in, underwrite, or invest in for its own account.
(b) [Repealed, Sec. 102 ch 26 SLA 1993].
(c) A state bank may purchase or sell, without recourse, any security upon the order of a customer and for the customer's account.
Section: Previous 06.05.237 06.05.238 06.05.240 06.05.245 06.05.250 06.05.255 06.05.260 06.05.262 06.05.265 06.05.270 06.05.272 06.05.275 06.05.277 06.05.280 NextLast modified: November 15, 2016