Any association may act as fiscal agent of the United States and, when so designated by the secretary of the treasury, shall perform under regulations he may require, and may act as agent for any instrumentality of the United States.
History: 1953 Comp., § 48-15-78, enacted by Laws 1967, ch. 61, § 34.
ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 9 C.J.S. Banks and Banking §§ 665, 749 et seq.; 12 C.J.S. Building and Loan Associations § 9.