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§ 514. Bonds and suretyship

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 5. Savings Bank Powers (Refs & Annos)
7 P.S. § 514
§ 514. Bonds and suretyship
A savings bank may in the ordinary course of its business:
(a) Bonds for transactions of goods--Give its bond, either alone or as surety for another, in connection with any bona fide transaction involving the import, export or domestic shipment of goods;
(b) Guarantees for items for collection--Give guarantees in connection with the receipt and forwarding of items for collection;
(c) Guarantees for securities--Give guarantees in connection with the transfer, exchange and collection of securities; and
(d) Miscellaneous guarantees--Give such other guarantees as the department may from time to time approve.

Credits

1965, Nov. 30, P.L. 847, No. 356, § 514, added 1984, July 6, P.L. 606, No. 125, § 3, imd. effective.
7 P.S. § 514, PA ST 7 P.S. § 514
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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