A state bank shall obtain insurance of its deposits by the United States or any agency thereof, and may acquire and hold membership in the federal reserve system.
History: 1953 Comp., § 48-22-58, enacted by Laws 1963, ch. 305, § 58.
ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 10 Am. Jur. 2d Banks § 437.
Right of Federal Deposit Insurance Corporation to injunctive relief in enforcement of its regulations, 22 A.L.R. Fed. 918.
9 C.J.S. Banks and Banking § 650.