1109.36 Underwriting and dealing in guaranteed and acceptable debt securities.
1109.36 Underwriting and dealing in guaranteed and acceptable debt securities.
To the extent permitted by and subject to any limitations and restrictions the superintendent of financial institutions may impose, a bank may underwrite and deal in investments in the form of bonds, notes, debentures, or other debt securities that are any of the following:
(A) The direct obligation of or guaranteed by the United States;
(B) The direct obligation of or guaranteed by any state of the United States or any political subdivision of any state of the United States;
(C) Acceptable to the superintendent.
Effective Date: 01-01-1997