H.B. 1328                                                VETOES

(12) AN AGENCY OF ANOTHER STATE WITH PRIMARY RESPONSIBILITY
FOR CHARTERING AND SUPERVISING BANKS.

3-206.                                                                   

(b) In addition to the powers set forth elsewhere in this article, a commercial bank
may:                                                                     

(1)     Receive deposits of money on which interest may be paid;

(2)     Buy and sell coin and bullion;

(3)     Buy and sell foreign and domestic exchange;

(4)     Subject to § 3-604 of this title, accept drafts drawn on it;

(5)     Issue letters of credit that authorize the holder to draw drafts on it or on
its correspondents payable at sight or at a time not exceeding 1 year;

(6)     Issue its debt instruments for money that is borrowed or received on
deposit or for investment;

(7)     Lend money on personal security or on real or personal property;

(8)     Subject to § 3-605 of this title,. become owner and lessor of personal

property;
property;

(9)     Subject to § 5-503 of this article, buy, hold, lease, and convey real

(10)   Pledge collateral to secure deposits of:

(i) The federal government or its agencies; or
(ii) Any state or its political subdivisions;

(11)   Pledge securities to secure the money of an estate administered under
the federal bankruptcy laws; [and]

(12)   WITHOUT BEING DEEMED; A BRANCH OF A DEPOSITORY
INSTITUTION AFFILIATE UNDER, ACT IN ACCORDANCE WITH § 101(D) OF THE
RIEGLE-NEAL INTERSTATE BANKING AND BRANCHING EFFICIENCY ACT OF 1994,
ACT AS AGENT OF ANY DEPOSITORY INSTITUTION AFFILIATE IN:

(I)      RECEIVING DEPOSITS;

(II)     RENEWING TIME DEPOSITS;

(III)   CLOSING LOANS;

(IV)   SERVICING LOANS; OR

(V)     RECEIVING PAYMENTS ON LOANS AND OTHER OBLIGATIONS;

AND

(13) Exercise all of the powers usual in carrying on a banking business.

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