(a) The Center may create and administer the accounts that it requires.
(b) The Center shall deposit its money into a State or national bank or a federally
insured savings and loan association that has a total paid-in capital of at least
(c) The Center may designate the trust department of a State bank, national bank,
or savings and loan association as a depository to receive securities that the Center
owns or acquires.
(d) Unless an agreement or covenant between the Center and the holders of its obligations
limits classes of investments, the Center may invest its money in bonds or other obligations
of, or guaranteed as to principal and interest by, the United States, the State, or
a governmental unit.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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