§ 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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