12 CFR 9.100 - Acting as indenture trustee and creditor.

Regulations last checked for updates: Sep 20, 2024

Title 12 - Banks and Banking last revised: Sep 16, 2024

View all text of Part 9 [§ 9.1 - § 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,and

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

cite as: 12 CFR 9.100