Section 1109.36 | Underwriting and dealing in guaranteed and acceptable debt securities.
Effective:
January 1, 2018
Latest Legislation:
House Bill 49 - 132nd General Assembly
To the extent permitted by and subject to any limitations and restrictions the superintendent of financial institutions may impose, a state bank may underwrite and deal in investments in the form of bonds, notes, debentures, or other debt securities that are any of the following:
(A) The direct obligation of or guaranteed by the United States;
(B) The direct obligation of or guaranteed by any state of the United States or any political subdivision of any state of the United States;
(C) Acceptable to the superintendent.
Available Versions of this Section
- January 1, 1997 – House Bill 538 - 121st General Assembly [ View January 1, 1997 Version ]
- January 1, 2018 – Amended by House Bill 49 - 132nd General Assembly [ View January 1, 2018 Version ]