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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 I - Comptroller of the Currency, Department of the Treasury |
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Part 9 - Fiduciary Activities of National Banks |
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Interpretations |
§ 9.100 - Acting as indenture trustee and creditor.
Latest version.
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§ 9.100 Acting as indenture trustee and creditor.
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.