11 GCA § 162107: Interests of a Financial Institution.
Where this section sits in the code
- Title 11: Finance and Taxation
- Division 5 - Savings and Loans Associations
- Chapter 162: Collective Investment Funds Act
A financial institution administering a fund shall not have an interest in that fund other than in its fiduciary capacity. If, because of a creditor relationship or otherwise, the bank acquires an interest in a participating account, the participating account must be withdrawn on the next withdrawal date. However, a financial institution may invest assets that it holds as fiduciary for its own employees in a fund.
Collected 2026-09-27T03:21:18Z. Source file · JSON