---
kind: "section"
citation: "12 C.F.R. § 1.6"
title: "12"
number: "1.6"
heading: "Convertible securities."
url: "https://uscodex.org/cfr/12/1.6"
---

# §1.6. Convertible securities.


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


## Notes

### Authority

Authority: 12 U.S.C. 1 et seq., 24 (Seventh), and 93a.

### Source

Source: 61 FR 63982, Dec. 2, 1996, unless otherwise noted.