House Status:
Senate Status:
Senate Status:
2023 Statute
Prev | Article 13. - BANKING CODE; DEPOSIT INSURANCE AND BONDS | Next |
9-1301. Every bank operating under the provisions of the state banking code and authorized to receive deposits of money shall insure the deposits of each depositor with the federal deposit insurance corporation, or its successor. State banks may purchase surety bond coverage for the purpose of insuring deposits in excess of the federal deposit insurance corporation's coverage limit. |
History: L. 1947, ch. 102, § 59; L. 1959, ch. 60, § 1; L. 1975, ch. 45, § 2; L. 1981, ch. 54, § 1; L. 1981, ch. 324, § 6; L. 1988, ch. 356, § 38; L. 1989, ch. 48, § 37; L. 2015, ch. 38, § 75; July 1. |
Prev | Article 13. - BANKING CODE; DEPOSIT INSURANCE AND BONDS | Next |
2024. Powered by KLISS. Rendered: 2024-05-23T11:24:02. Head Rev No: 774702(I)