§412:5-202 Membership in federal banks. Any bank may become a member of a federal reserve bank organized under authority of the Federal Reserve Act or of a federal home loan bank organized under the Federal Home Loan Bank Act, or any successor or similar system of federal banks established by Congress, and may purchase and hold the shares of such federal bank. The bank may have and exercise all powers not in conflict with the laws of this State incident to such membership; provided, however that notwithstanding such membership the bank and its directors, officers, and shareholders shall continue to be subject to all liabilities and duties imposed upon them by any law of this State. [L 1993, c 350, pt of §1]
Section: Previous 412-4-110 412-4-111 412-4-112 412-5-100 412-5-101 412-5-200 412-5-201 412-5-202 412-5-203 412-5-204 412-5-205 412-5-205.5 412-5-205.6 412-5-205.7 412-5-206 NextLast modified: October 27, 2016