§ 407. Provisions applicable to trust companies
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 7 P.S. Banks and Banking
7 P.S. § 407
§ 407. Provisions applicable to trust companies
A trust company:
(a) Investments--may make any investment subject to the limitations in section 5041 on investments authorized for savings banks, other than the limitation on investment in shares of stock, and may make any other investment specifically authorized by its articles;
and in any larger amount or for any longer period authorized by the department and may issue notes, debentures and other obligation to evidence borrowings;
Credits
1965, Nov. 30, P.L. 847, No. 356, § 407. Amended 1982, April 8, P.L. 262, No. 79, § 6, imd. effective.
Footnotes
7 P.S. § 504.
7 P.S. § 407, PA ST 7 P.S. § 407
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document |