Pennsylvania Code & Bulletin

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The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 54 Pa.B. 1806 (March 30, 2024).

10 Pa. Code § 37.2. Maximum investment authorized.

§ 37.2. Maximum investment authorized.

 (a)  An association shall not have an aggregate outstanding investment in the capital stock, securities or obligations of a service corporation, the cost of which exceeds 1.0% of the assets of the association at the time of acquisition of such stock, securities or obligations.

 (b)  No one association shall own more than 10% of the capital stock of such a service corporation, without the prior written approval of the Department.

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