Title 7 Chapter 8

Title 7Financial Institutions Act (Download: PDF | RTF | WordPerfect)
Chapter 8Industrial Banks (Download: PDF | RTF | WordPerfect)
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Section 3 Organization -- Authorization to conduct business -- Deposit insurance.
Section 5 Acquisition of own stock restricted -- Capital requirements.
Section 7 Reports to commissioner.
Section 11 Dividends.
Section 12 Charge off of losses sustained on receivables and operating losses -- Replenishment of surplus account.
Section 13 Real estate acquisition, holding, and conveyance.
Section 14 Investment in property used in conduct of business.
Section 15 Bad debts.
Section 16 Registration of industrial bank holding company -- Filing and contents of statement -- Exemptions -- Rules.
Section 19 Meetings of the board of directors.
Section 20 Limitations on loans to one borrower -- Exceptions -- Rules.
Section 21 Application of chapter to industrial loan companies.
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