Laws: Cases and Codes : U.S. Code : Title 12 : Section 1862
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U.S. Code as of:
01/19/04
Section 1862. Amount of investment in bank service company
Notwithstanding any limitation or prohibition otherwise imposed
by any provision of law exclusively relating to banks, an insured
bank may invest not more than 10 per centum of paid-in and
unimpaired capital and unimpaired surplus in a bank service
company. No insured bank shall invest more than 5 per centum of its
total assets in bank service companies.
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