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§9.100. Acting as indenture trustee and creditor.

12 C.F.R. § 9.100

With respect to a debt securities issuance, a national bank may act both as indenture trustee and as creditor until 90 days after default, if the bank maintains adequate controls to manage the potential conflicts of interest.
Notes, amendments, and revision history

Authority

Authority: 12 U.S.C. 24 (Seventh), 92a, and 93a; 15 U.S.C. 78q, 78q-1, and 78w.

Source

Source: 61 FR 68554, Dec. 30, 1996, unless otherwise noted.