12 CFR 7.2021
§ 7.2021 National bank preemptive rights.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 7.2021, § 7.2021 National bank preemptive rights, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/42994
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Full text
A national bank in its articles of association must grant or deny preemptive rights to the bank's shareholders. Any amendment to a national bank's articles of association which modifies such preemptive rights must be approved by a vote of the holders of two-thirds of the bank's outstanding voting shares.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.