12 CFR 5.60 - Authority, scope, and exceptions to rules of general applicability.

Regulations last checked for updates: Oct 17, 2024

Title 12 - Banks and Banking last revised: Oct 15, 2024

View all text of Subpart E [§ 5.60 - § 5.67]

§ 5.60 - Authority, scope, and exceptions to rules of general applicability.

(b) Scope. Except as otherwise provided, the restrictions in this subpart apply to the declaration and payment of all dividends by a national bank, including dividends paid in property. However, the provisions contained in § 5.64 do not apply to dividends paid in stock of the bank.

(c) Exceptions to the rules of general applicability. Sections 5.8, 5.10, and 5.11 do not apply to this subpart.

authority: 12 U.S.C. 1

source: 61 FR 60363, Nov. 27, 1996, unless otherwise noted.

cite as: 12 CFR 5.60