Section 27.3. Limitations on leeway investments

Latest version.

(a) A bank or bank and trust company:
(1) Shall limit its leeway investments in one corporation to 2.0% of the institution’s capital and surplus at the time of acquisition of the investments.
(2) Shall limit its aggregate total of leeway investments to 10% or less of the institution’s capital and surplus at the time of acquisition of the investment.
(b) A savings bank:
(1) Shall limit its leeway investments in one corporation to 0.2% of the book value of the assets of the institution at the time of acquisition of the investment.
(2) Shall limit its aggregate total of leeway investments to 3.0% of the book value of the assets of the institution at the time of acquisition of the investment.

                    
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