Nothing in this section authorizes an insured nonmember bank to directly engage in any securities activity not authorized to it under Sections 16 and 21 of the Glass-Steagall Act, 12 U.S.C. 24, Seventh and 378.

KEY: banks and banking, securities, subsidiaries

Date of Last Change: 1995

Notice of Continuation: September 8, 2022

Authorizing, and Implemented or Interpreted Law: 7-3-21