1. Regulations
  2. title 12
  3. chapter I
  4. part 9
  5. subjgrp 25
  6. § 9.100

View all text of Subjgrp 25 [§ 9.100 - § 9.101]

§ 9.100 - Acting as indenture trustee and creditor.

With respect to a debt securities issuance, a national bank may act both as indenture trustee and as creditor until 90 days after default, if the bank maintains adequate controls to manage the potential conflicts of interest.

AUTHORITY: 12 U.S.C. 24 (Seventh), 92a, and 93a; 15 U.S.C. 78q, 78q-1, and 78w.

SOURCE: 61 FR 68554, Dec. 30, 1996, unless otherwise noted.

CITE AS: 12 CFR 9.100