2.59.113 INVESTMENTS BY BANKS TO PROMOTE THE PUBLIC WELFARE
(1) The department incorporates by reference the Office of the Comptroller of the Currency Code of Federal Regulations (12 CFR Part 24.1 through 24.7, 1996 edition) that implement 12 USC 24, which authorizes national banks to make investments designed primarily to promote the public welfare, including the welfare of low and moderate income areas or individuals, such as providing housing, services or jobs.
(2) A copy of 12 CFR Part 24.1 through 24.7 may be obtained from the Division of Banking and Financial Institutions of the Department of Administration, 301 South Park, Suite 316, P.O. Box 200546, Helena, MT 59620-0546.
History: 32-1-422, MCA; IMP, 32-1-422, MCA; NEW, 2000 MAR p. 2306, Eff. 8/25/00; TRANS, from Commerce, 2001 MAR p. 1178.