StacksVerified U.S. regulatory reference

12 CFR §390.312

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
The term subordinated debt security means any unsecured note, debenture, or other debt security issued by a State savings association and subordinated on liquidation to all claims having the same priority as account holders or any higher priority.