1. LawStack
  2. Title 12 - Banks and Banking
  3. Chapter I - COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
  4. Part 1 - INVESTMENT SECURITIES
  5. 12 CFR § 1.6
12 CFR § 1.6
Convertible securities
November 10, 2020
CFR

A national bank may not purchase securities convertible into stock at the option of the issuer.

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§ 1.5 Safe and sound banking practices; credit information required
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§ 1.7 Securities held in satisfaction of debts previously contracted; holding period; disposal; accounting treatment; non-speculative purpose

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