---
kind: "section"
citation: "12 C.F.R. § 7.2021"
title: "12"
number: "7.2021"
heading: "National bank preemptive rights."
url: "https://uscodex.org/cfr/12/7.2021"
---

# §7.2021. National bank preemptive rights.


A national bank in its articles of association must grant or deny preemptive rights to the bank's shareholders. Any amendment to a national bank's articles of association which modifies such preemptive rights must be approved by a vote of the holders of two-thirds of the bank's outstanding voting shares.


## Notes

### Authority

Authority: 12 U.S.C. 1 et seq., 25b, 29, 71, 71a, 92, 92a, 93, 93a, 95(b)(1), 371, 371d, 481, 484, 1462a, 1463, 1464, 1465, 1818, 1828, 3102(b), and 5412(b)(2)(B).

### Source

Source: 61 FR 4862, Feb. 9, 1996, unless otherwise noted.