Current through Register Vol. XLI, No. 50, December 13, 2024
Section 106-6-2 - Holding Company Stock As Collateral2.1. In the case of a state-chartered bank, such bank may accept the stock of its parent bank holding company as collateral for loans or extensions of credit as long as the aggregate amount of the fair market value of all such parent bank holding company stock held as collateral will not exceed ten percent (10%) of the capital stock and surplus of the state-chartered bank.