12 CFR 7.2022
§ 7.2022 National bank voting trusts.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 7.2022, § 7.2022 National bank voting trusts, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/42995
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Full text
The shareholders of a national bank may establish a voting trust under the applicable law of a State selected by the participants and designated in the trust agreement, provided the implementation of the trust is consistent with safe and sound banking practices.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.