- (a) Each collective investment fund shall be established and maintained in accordance with a written plan (referred to within this chapter as ‘‘the Plan’’) which shall be approved by resolution of the board of directors of the institution and filed with the Department.
- (b) For funds established under section 404(b)(i) of the Banking Code (7 P. S. § 404(b)(i)) and Regulation 9 of the Comptroller of the Currency, an institution shall submit to the Department a copy of the plan for approval.
- (c) Collective investments of funds or other property by institutions under section 404(b)(ii) and (iii) of the Banking Code (7 P. S. § 404(b)(ii) and (iii)) shall be administered as provided in this chapter.
Source
The provisions of this § 15.2 amended January 10, 1986, effective January 11, 1986, 16 Pa.B. 128. Immediately preceding text appears at serial pages (1991) to (1992).
Cross References
This section cited in 10 Pa. Code § 15.3 (relating to contents of Plan).