Title 12, Part 1 — Investment Securities

Authority, purpose, scope, and reservation of authority.

Definitions.

Limitations on dealing in, underwriting, and purchase and sale of securities.

Calculation of limits.

Safe and sound banking practices; credit information required.

Convertible securities.

Securities held in satisfaction of debts previously contracted; holding period; disposal; accounting treatment; non-speculative purpose.

Nonconforming investments.

Indirect general obligations.

Taxing powers of a State or political subdivision.

Prerefunded or escrowed bonds and obligations secured by Type I securities.

Type II securities; guidelines for obligations issued for university and housing purposes.