Section 37.10.300. Limitations.

Latest version.

The board may not engage in commercial banking activity or private trust activity. The board may not act as a depository or trustee for a private person, association, or corporation. The board may not act as a lender to a private person, association, or corporation of money from any source except state funds under management by the board.

Notes

History

(Sec. 1 ch 31 SLA 1992)

                    
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