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§ 305. Participations

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 7 P.S. Banks and Banking

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 7 P.S. Banks and Banking (Refs & Annos)
Banking Code of 1965 (Refs & Annos)
Chapter 3. Banking Powers (Refs & Annos)
7 P.S. § 305
§ 305. Participations
Currentness
(a) An institution may purchase and may sell participations in:
(i) one or more evidences of indebtedness and agreements for the payment of money, and
(ii) pools of evidences of indebtedness and agreements for the payment of money,
subject to regulation by the department.
(b) The department may prohibit the sale of any type of participation to the public or otherwise not in the usual course of banking business, except as permitted by other provisions of this act.

Credits

1965, Nov. 30, P.L. 847, No. 356, § 305.
7 P.S. § 305, PA ST 7 P.S. § 305
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document