- (1) This rule is issued pursuant to Subsection 7-1-301(8)(b)(i) and Section 7-3-3.2.
- (2) This rule permits a state-chartered bank to purchase for its own account shares of open-end investment companies subject to certain restrictions.
- (3) This rule expands the eligible classes and types of investments for state-chartered banks and gives them rights, privileges and powers granted to national banks.
KEY: banks and banking, investments
Date of Last Change: 1995
Notice of Continuation: August 29, 2022
Authorizing, and Implemented or Interpreted Law: 7-1-301(8)(a); 7-3-3.2