(1) A financial holding company or bank holding company may share financial and credit information concerning its customers with any company of which it directly or indirectly controls 50 percent or more of the voting shares. Any company so controlled by a financial holding company or bank holding company may share information concerning its customers with the financial holding company or bank holding company and with any other company so controlled by the same financial holding company or bank holding company. This section shall not be construed as otherwise permitting or limiting the sharing or disclosure of information.

(2) For purposes of this section, ‘customers’ includes but is not limited to depositors, borrowers, credit card holders, lessees, purchasers under contracts and applicants for credit. [1985 c.357 § 2; 2001 c.377 § 36]

[1985 c.12 § 17; repealed by 1987 c.371 § 5]

[1975 c.544 § 43; repealed by 1997 c.631 § 567]

[Amended by 1973 c.797 § 342; repealed by 1975 c.544 § 62]