12 USC Ch. 18: Front Matter
From Title 12-BANKS AND BANKINGCHAPTER 18-BANK SERVICE CORPORATIONS
CHAPTER 18-BANK SERVICE CORPORATIONS
Sec.
1861.
Short title and definitions.
1862.
Amount of investment in bank service corporation.
1863.
Permissible bank service corporation activities for depository institutions.
1864.
Permissible bank service corporation activities for other persons.
(a)
Services permissible other than taking deposits.
(b)
Services to be performed in State where shareholders are located.
(c)
Performance where State bank is shareholder.
(d)
Performance where national bank is shareholder.
(e)
Performance where State bank and national bank are shareholders.
(f)
Geographic location.
1865.
Prior approval for investments in bank service corporations.
(a)
Approval of Federal banking agency.
(b)
Approval of Board.
(c)
Considerations in determining approval.
(d)
Failure to act on application for approval.
1866.
Services to nonstockholders.
1867.
Regulation and examination of bank service corporations.
(a)
Principal investor.
(b)
Applicability of section 1818 of this title.
(c)
Services performed by contract or otherwise.
(d)
Issuance of regulations and orders.