Bill Information

An Act amending the act of November 30, 1965 (P.L.847, No.356), known as the Banking Code of 1965, further providing for bank holding companies, for authorization of reciprocal interstate operations of savings banks, for corporations authorized to act as fiduciary, for general corporate powers and duties of incorporated institutions, for additional powers of incorporated institutions related to conduct of business, for additional powers related to conduct of business of incorporated institutions other than trust companies, for real estate loans by banks and bank and trust companies, for transactions with respect to shares of corporate stock and capital securities and for real estate loans by savings banks; further prohibiting promoters' fees; further providing for branches outside Pennsylvania, for audits and reports and for preferential rates of interest; and making repeals.