7-3-18 - Real estate acquisition, holding, and conveyance.
7-3-18. Real estate acquisition, holding, and conveyance.
A bank may purchase, hold, and convey real estate, other than bank premises, only forthose purposes and in a manner prescribed by commissioner by regulation. Such regulations maynot be more restrictive than the laws and regulations applicable to acquisition and holding of realestate by national banks.
Amended by Chapter 8, 1983 General Session