§ 7-1-281 - Participation in federal programs - Georgia Statutes

O.C.G.A. 7-1-281 (2010)
7-1-281. Participation in federal programs

Any bank may:

(1) Become a member of the Federal Reserve System and conform to the rules and regulations of that system and the federal reserve bank of which it is a member;

(2) Become an insured bank pursuant to the Federal Deposit Insurance Act and take all action necessary to the maintenance of insured status thereunder;

(3) Apply for and obtain insurance on loans pursuant to national housing legislation.