Any bank which engages in such activity shall comply with all provisions of chapter regarding the licensing and registration of sales personnel for mutual funds so offered, provided that such banks shall register as a broker-dealer with the office of the commissioner of securities and shall consent to supervision and inspection by that office and shall be subject to the continuing jurisdiction of that office;.
This subdivision is enacted to provide in part competitive equality with national banks' powers under the Gramm-Leach-Bliley Act of , Public Law In addition to the power and authorities granted in subsection 1 of this section, and notwithstanding any limitations therein, a bank or trust company may:. The bank may derive income from renting or leasing such real property or improvements or both. If the purchase or lease of such real property or improvements exceeds the legal loan limit or is from an officer, director, employee, affiliate, principal shareholder or a related interest of such person, prior approval shall be obtained from the director of finance; and.
In addition to the powers and authorities granted in subsection 1 of this section, every trust company created under the laws of this state shall be authorized and empowered to:. As used in this section, the term "subsidiary" shall include one or more business entities of which the bank or trust company is the owner, provided the owner's liability is limited by the investment in and loans to the subsidiary as otherwise provided for by law.
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The Resource Federal banking laws, edited by Duncan A. Benton Resource Information. The item Federal banking laws, edited by Duncan A. Benton represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of Missouri Libraries. This item is available to borrow from 1 library branch. Creator United States.
Language eng. Additionally, taxes on items such as tobacco and liquor are often intended to discourage their use. If cigarettes become too expensive to purchase habitually, the theory goes, users will have more incentive to quit. Often, taxes raised from tobacco and alcohol products go toward resources to help people quit or get help if needed.
While a state generally cannot tax you for goods purchased in another state, a "use" tax may be levied in some instances. For example, if you purchase an automobile in a state with a much lower tax rate, and then take it back to your home state, you may have to pay the difference in taxes to your home state.
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