• § 7-1-280 - Major Banking Powers
  Subject to restrictions contained in this chapter or in its articles, a bank shall have the power: (1) To receive money or commercial paper...
• § 7-1-281 - Participation in Federal Programs
  Any bank may: (1) Become a member of the Federal Reserve System and conform to the rules and regulations of that system and the...
• § 7-1-282 - Direct Leasing of Personal and Real Property
  Notwithstanding any other provision of law to the contrary and subject to such regulations as the department may prescribe, a bank may: (1) Become...
• § 7-1-283 - Participations
  (a) A bank may purchase and may sell participations in: (1) One or more evidences of indebtedness or agreements for the payment of money,...
• § 7-1-284 - Acceptances
  (a) A bank may accept drafts upon it having not more than nine months' sight to run arising out of transactions involving: (1) The...
• § 7-1-285 - Limits on Obligations of One Person or Corporation
  (a) As used in this Code section, the term: (1) "Credit exposure as a counterparty in derivative transactions" means an amount that the bank...
• § 7-1-286 - Real Estate Loans; Acquisition by Bank or Trust Company of Ownership Interest
  (a) A bank shall make loans secured by improved or unimproved real estate (including a leasehold) subject to the provisions of Part 365 of...
• § 7-1-287 - Dealings in Securities; Conflicts of Interest; Divestiture and Fines
  Notwithstanding the limitations of Code Section 7-1-288, a bank may purchase, sell, underwrite, and hold securities which are obligations in the form of bonds,...
• § 7-1-288 - Corporate Stock and Securities
  (a) A bank may engage in any transaction with respect to shares of stock or other capital securities of any corporation in accordance with...
• § 7-1-289 - Security for Deposits
  (a) A bank may, unless otherwise specifically approved in writing by the department, pledge or otherwise grant security interests in its assets to secure...
• § 7-1-290 - Powers As Surety or Guarantor
  (a) Except as authorized in subsection (b) of this Code section, in paragraph (10) of Code Section 7-1-260, and in paragraph (4) of Code...
• § 7-1-291 - Borrowings; Liabilities Not Subject to Restrictions; Restrictions; Borrowing for Emergencies.
  (a) Subject to the restrictions of subsection (c) of this Code section, a bank may borrow money and issue notes, debentures, or other obligations...
• § 7-1-292 - Interest and Fees
  Any bank may take, receive, reserve, and charge interest and fees on any loan, advance of money, or forbearance to enforce the collection of...
• § 7-1-293 - Savings Banks and State Savings and Loan Associations
  (a) A bank desiring to be accorded treatment under this chapter as a savings bank or state savings and loan association shall so state...
• § 7-1-294 - Transaction of Business on Holidays and Outside of Banking Hours
  Notwithstanding any existing provisions of law relative to the time of maturity or presentment of negotiable instruments, any financial institution doing business in this...
• § 7-1-295 - Transaction Fees Charged by Operators of Automated Teller Machines
  An operator of an automated teller machine in this state may charge a transaction fee to the customer using the machine. An agreement to...

Last modified: October 14, 2016