Section 11-105-302 - Loans, acceptances, investments, and letters of credit

A state bank may make such loans, secured or unsecured, accept such drafts, make such investments, and issue such letters of credit as shall be permissible pursuant to rules promulgated by the banking board or otherwise permitted by this code. In promulgating such rules the banking board shall consider all relevant factors, including without limitation the policies set forth in section 11-101-102.L. 2003: Entire article added with relocations, p. 1121, § 3, effective July 1.This section is similar to former § 11-7-102 as it existed prior to 2003.