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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 12 - Banks and Banking |
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Chapter I - Comptroller of the Currency, Department of the Treasury |
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Part 5 - Rules, Policies, and Procedures for Corporate Activities |
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Subpart E - Payment of Dividends by National Banks |
§ 5.65 - Restrictions on undercapitalized institutions.
Latest version.
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§ 5.65 Restrictions on undercapitalized institutions.
Notwithstanding any other provision in this subpart, a national bank may not declare or pay any dividend if, after making the dividend, the national bank would be “undercapitalized” as defined in 12 CFR part 6.