Subject to restrictions contained in this chapter or in its articles, a bank or trust company shall have the power: To have perpetual duration unless a limited period of duration is stated in its articles. Each bank or trust company existing on April 1, 1975, shall have perpetual duration unless its articles are amended under […]
Banks and trust companies shall, in addition, have the power: To act as agent of the United States or any public body thereof for the sale or issue of bonds, notes, or other obligations of the United States, or those for which the full faith and credit of the United States is pledged, and to […]
A bank or trust company may solely or jointly with other persons or corporations acquire and hold such real property as it: Occupies or intends to occupy primarily for the transaction of its business, the business of any subsidiary or affiliate, or the recreational use of its employees or partly so occupies and partly leases; […]
A bank or trust company may acquire and hold property for the purpose of avoiding loss as specified in paragraph (8) of Code Section 7-1-261, subject to: A determination by a majority vote of its directors at least once each year as to the advisability of retaining any such property, provided that no such property […]
