Pennsylvania Statutes Title 7 P.S. Banks and Banking § 6040-13. Financial institutions as agents for corporations

Any financial institution which is a party to a lending agreement with a corporation formed under this act is hereby authorized and empowered to act as agent for such corporation in the carrying out of the purposes for which such corporation was formed, and any such financial institution is further authorized and empowered to contract with such corporation to render to such corporation such administrative auditing, collecting and other related fiscal services as shall be deemed necessary for the proper and efficient operation and management of the corporation.