---
kind: "section"
citation: "12 C.F.R. § 390.312"
title: "12"
number: "390.312"
heading: "Subordinated debt security."
url: "https://uscodex.org/cfr/12/390.312"
---

# §390.312. Subordinated debt security.


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.


## Notes

### Authority

Authority: 12 U.S.C. 1819. Subpart Q also issued under 12 U.S.C. 1462; 1462a; 1463; 1464. Subpart W also issued under 12 U.S.C. 1462a; 1463; 1464; 15 U.S.C. 78c; 78l; 78m; 78n; 78p; 78w.

### Source

Source: 76 FR 47655, Aug. 5, 2011, unless otherwise noted.