Pennsylvania Code
Title 10 - BANKING AND SECURITIES
Part II - Bureau of Banks
Chapter 13 - LOANS
CORPORATE STOCK AND CAPITAL SECURITIES
Section 13.42 - Loans for carrying shares and capital securities
Universal Citation: 10 PA Code ยง 13.42
Current through Register Vol. 54, No. 12, March 23, 2024
To the same extent that an institution is prohibited from extending credit for the purpose of enabling a customer to acquire or hold shares or capital securities of the institution, under the provisions of section 311(e) of the act (7 P. S. § 311(e)), it may not extend credit to acquire or hold stock or capital securities of its affiliates or the corporation which owns or controls the capital stock of the institution.
The provisions of this § 13.42 issued under section 103(a)(viii) of the Banking Code of 1965 (7 P. S. § 103(a)(viii)).
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