§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.