12 CFR 1.6

§ 1.6 Convertible securities.

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 1.6, § 1.6 Convertible securities, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/42690
Permanent ID: ys:prov:42690@1
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Full text

A national bank may not purchase securities convertible into stock at the option of the issuer.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.