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Financial Institutions Act | |
Banks | |
Section 18 | Real estate acquisition, holding, and conveyance. |
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7-3-18. Real estate acquisition, holding, and conveyance. A bank may purchase, hold, and convey real estate, other than bank premises, only for those purposes and in a manner prescribed by commissioner by regulation. Such regulations may not be more restrictive than the laws and regulations applicable to acquisition and holding of real estate by national banks.
Amended by Chapter 8, 1983 General Session |
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