12 CFR 390.428

§ 390.428 Approval of the security.

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

Cite this

Citation: 12 CFR 390.428, § 390.428 Approval of the security, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47303
Permanent ID: ys:prov:47303@1
SHA-256: 3b9b47f7255841b2d332f9040a253d7f6d41e0d348d1363cfc6853871afff832

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Full text

Any securities of a State savings association which are not exempt under this subpart and are offered or sold pursuant to an offering circular which becomes effective under this subpart, are deemed to be approved as to form and terms for purposes of this subpart.

Legislative history

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