2.59.1602 OTHER APPROVED QUASI-GOVERNMENT SECURITIES
(1) Certain other securities are approved for
bank investment. There is no dollar limit on a bank's investment in:
(a) general services administration (participation certificates) ;
(b) maritime administration (bonds and notes) ; and
(c) Washington metropolitan area transit authority (bonds) .
(2) A bank's investment is limited to 50% of capital and surplus in:
(a) Asian development bank (bonds and notes) ;
(b) financing corporation (FICO) (bonds) ;
(c) Inter-American development bank (bonds) ;
(d) resolution funding corporation (REFCORP) (bonds) ;
(e) Tennessee valley
authority (TVA) (bonds) ; and
(f) world bank (bonds and notes) .
History: Sec. 32-1-433, MCA; IMP, Sec. 32-1-424, 32-1-433, MCA; NEW, 2002 MAR p. 166, Eff. 2/1/02.