15 U.S.C. § 690i — Bank participation

FEDERAL · 15 U.S.C. · Chapter SUBCHAPTER III—INVESTMENT DIVISION PROGRAMS

Bank participation

15 U.S.C. § 690i

ChapterSUBCHAPTER III—INVESTMENT DIVISION PROGRAMS

PartC

This text of 15 U.S.C. § 690i (Bank participation) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

15 U.S.C. § 690i.

Text

(a)In general Except as provided in subsection (b), any national bank, any member bank of the Federal Reserve System, and (to the extent permitted under applicable State law) any insured bank that is not a member of such system, may invest in any Renewable Fuel Capital Investment company, or in any entity established to invest solely in Renewable Fuel Capital Investment companies.

(b)Limitation No bank described in subsection (a) may make investments described in such subsection that are greater than 5 percent of the capital and surplus of the bank.

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(a) In general
Except as provided in subsection (b), any national bank, any member bank of the Federal Reserve System, and (to the extent permitted under applicable State law) any insured bank that is not a member of such system, may invest in any Renewable Fuel Capital Investment company, or in any entity established to invest solely in Renewable Fuel Capital Investment companies.
(b) Limitation
No bank described in subsection (a) may make investments described in such subsection that are greater than 5 percent of the capital and surplus of the bank.

Source Credit

History

(Pub. L. 85–699, title III, §390, as added Pub. L. 110–140, title XII, §1207, Dec. 19, 2007, 121 Stat. 1782.)

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Bluebook (online)

15 U.S.C. § 690i, Counsel Stack Legal Research, https://law.counselstack.com/usc/15/690i.