412:9-410 Deposits made by depository financial services loan companies. A depository financial services loan company may deposit any of its funds with:

(1) A Federal Reserve Bank or a Federal Home Loan Bank in any amount; or

(2) Another depository institution; provided that the deposits in any one depository institution do not exceed twenty-five per cent of the depository financial services loan company's capital and surplus, unless otherwise permitted by federal law. [L 1993, c 350, pt of 1; am L 1994, c 107, 17]

 

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