§ 1863 Bank Rules Apply To Corporations

• •Rules that apply to banks also apply to corporations.
• •This means corporations have to follow many of the same laws as banks.
• •One specific rule (Section 1121) does not apply to corporations.

A corporation wants to handle money like a bank.

The corporation must follow the same rules as banks, like keeping records safe and being honest with customers. But there’s one rule (Section 1121) that they don’t have to follow.