7 Pa. Stat. § 1905

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 1905 - Reserve against deposits

No certificate of authorization shall be granted to a private bank unless it shall have a reserve fund for deposits in an amount at least equal to that required by this act for an incorporated bank. The entire amount of such reserve fund shall be at all times maintained in the manner provided by this act for an incorporated bank.

7 P.S. § 1905

1965, Nov. 30, P.L. 847, No. 356, § 1905.