ARTICLE 4. Investments [1510. - 1515.]

Article 4 added by Stats. 2011, Ch. 243, Sec. 3.

§§ 1510–1515 · 6 sections

• § 1510 The total amount invested by a bank in the securities issued by a person shall not exceed 15 percent of the sum of the shareholders’ equity, allowance for loan…
• § 1511 Section 1510 shall not apply to investments made pursuant to this section. A bank may invest in shares of an investment company (1) registered with the…
• § 1512 Notwithstanding Section 1510, a bank may purchase, acquire, or hold the stock of any corporation pursuant to a plan of reorganization approved by the…
• § 1513 If any commercial bank has made investments which it was authorized to make at the time they were made it shall not be required to dispose of such investments…
• § 1514 (a) A commercial bank may organize, sponsor, operate, control, or render investment advice to, an investment company, or underwrite, distribute, or sell…
• § 1515 A bank or trust company may acquire stock in settlement or reduction of a loan or in exchange for an investment previously made in good faith where the…