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2005 SESSION

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HB 2571 Banks; enumerates business activities in which authorized to engage.

Introduced by: Allen W. Dudley | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Business of banks.  Enumerates the business activities in which banks are authorized to engage. Banks are authorized to engage directly in activities in which a controlled subsidiary corporation may engage, including transacting business as a real estate brokerage firm. Other enumerated business activities include acting as an agent in the sale of insurance and annuities; dealing in or making a market in securities; providing financial, investment, or economic advisory services; and providing other products and services that the State Corporation Commission deems to be financial in nature.


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