Section 305. Participations
(a) An institution may purchase and may sell participations in:
(i) one or more evidences of indebtedness and agreements for the payment of money, and
(ii) pools of evidences of indebtedness and agreements for the payment of money, subject to regulation by the department.
(b) The department may prohibit the sale of any type of participation to the public or otherwise not in the usual course of banking business, except as permitted by other provisions of this act.