Home Table of Contents

§ 115. Bank and savings and loan holding companies

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 7 P.S. Banks and BankingEffective: November 22, 2000

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 7 P.S. Banks and Banking (Refs & Annos)
Banking Code of 1965 (Refs & Annos)
Chapter 1. General Provisions (Refs & Annos)
Effective: November 22, 2000
7 P.S. § 115
§ 115. Bank and savings and loan holding companies
To the fullest extent as permissible under Federal law and regulations, a bank holding company, as defined by the Federal Bank Holding Company Act (70 Stat. 133, 12 U.S.C. § 1841 et seq.), and a savings and loan holding company, as defined by section 10 of the Home Owners' Loan Act of 1933 (48 Stat. 128, 12 U.S.C. § 1467a), located in this Commonwealth, another state, the District of Columbia or a territory or possession of the United States may control one or more banks, bank and trust companies, national banks, interstate banks, savings banks, savings associations, building and loan associations or Federal savings associations and, with the prior written approval of the department, may acquire control of a bank, bank and trust company, national bank, savings bank, savings association, building and loan association or Federal savings association located in this Commonwealth.

Credits

1965, Nov. 30, P.L. 847, No. 356, § 115, added 1982, March 4, P.L. 135, No. 44, § 2, imd. effective. Amended 1986, June 25, P.L. 259, No. 69, § 1, effective in 60 days; 1995, July 6, P.L. 271, No. 39, § 4, imd. effective; 2000, Nov. 22, P.L. 660, No. 89, § 2, imd. effective.
7 P.S. § 115, PA ST 7 P.S. § 115
Current through 2022 Regular Session Act 20. Some statute sections may be more current, see credits for details.
End of Document