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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 12 - Banks and Banking |
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Chapter V - Office of Thrift Supervision, Department of the Treasury |
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Part 561 - Definitions for Regulations Affecting All Savings Associations |
§ 561.51 - Subordinated debt security.
Latest version.
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§ 561.51 Subordinated debt security.
The term subordinated debt security means any unsecured note, debenture, or other debt security issued by a savings association and subordinated on liquidation to all claims having the same priority as account holders or any higher priority.