Pennsylvania Code
Title 10 - BANKING AND SECURITIES
Part II - Bureau of Banks
Chapter 13 - LOANS
CORPORATE STOCK AND CAPITAL SECURITIES
Section 13.41 - Collateral loans
Universal Citation: 10 PA Code ยง 13.41
Current through Register Vol. 54, No. 12, March 23, 2024
To the same extent that an institution is prohibited from taking pledges of stock or capital securities of the institution itself as collateral security for a loan, under sections 202(h) and 311(c) of the act (7 P. S. §§ 202(h) and 311(c)), it may not take pledges of stock or capital securities of its affiliates or the corporation which owns or controls the capital stock of the institution.
The provisions of this § 13.41 issued under section 103(a)(viii) of the Banking Code of 1965 (7 P. S. § 103(a)(viii)).
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