Applicability of Laws Pertaining to Banks

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In order to protect the interests of holders of thrift certificates, in addition to the other provisions of chapters 1 and 2 of this title made applicable by this chapter to industrial banks, the following sections are applicable to industrial banks as to state banks generally: §§45-1-122;45-2-101 [repealed];45-2-103;45-2-203;45-2-207(a), (d) and (e);45-2-207(c), except the reference to “trust powers”;45-2-208, except that loan limits for industrial banks shall be controlled by §45-5-302, rather than §45-2-1102;45-2-209 [repealed];45-2-404;45-2-607, except that industrial banks may invest in obligations that satisfy the requirements of chapter 5 of this title; and45-2-616.


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