7 Pa. Stat. § 507

Current through Pa Acts 2024-53, 2024-56 through 2024-79
Section 507 - Participations

A savings bank may purchase and may sell participations in investments and loans which it is authorized to make, subject to regulation by the department. The department may prohibit the sale of any type of participation to the public or otherwise not in the usual course of savings bank business, except as permitted by other provisions of this act.

7 P.S. § 507

1965, Nov. 30, P.L. 847, No. 356, § 507.