Current through Register Vol. 54, No. 45, November 9, 2024
Section 37.2 - Maximum investment authorized(a) An association shall not have an aggregate outstanding investment in the capital stock, securities or obligations of a service corporation, the cost of which exceeds 1.0% of the assets of the association at the time of acquisition of such stock, securities or obligations.(b) No one association shall own more than 10% of the capital stock of such a service corporation, without the prior written approval of the Department.