§ 15.2. Plan to be filed by institutions.
(a) Each collective investment fund shall be established and maintained in accordance with a written plan (referred to within this chapter as ‘‘the Plan’’) which shall be approved by resolution of the board of directors of the institution and filed with the Department.
(b) For funds established under section 404(b)(i) of the Banking Code (7 P. S. § 404(b)(i)) and Regulation 9 of the Comptroller of the Currency, an institution shall submit to the Department a copy of the plan for approval.
(c) Collective investments of funds or other property by institutions under section 404(b)(ii) and (iii) of the Banking Code (7 P. S. § 404(b)(ii) and (iii)) shall be administered as provided in this chapter.
Source The provisions of this § 15.2 amended January 10, 1986, effective January 11, 1986, 16 Pa.B. 128. Immediately preceding text appears at serial pages (1991) to (1992).
Cross References This section cited in 10 Pa. Code § 15.3 (relating to contents of Plan).
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