10 Pa. Code § 13.41. Collateral loans.

CORPORATE STOCK AND CAPITAL SECURITIES

§ 13.41. Collateral loans.

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.

Authority

   The provisions of this §  13.41 issued under section 103(a)(viii) of the Banking Code of 1965 (7 P. S. §  103(a)(viii)).

Source

   The provisions of this §  13.41 adopted August 18, 1970, effective August 19, 1970, 1 Pa.B. 213.

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