Title 12

SECTION 7.2021

7.2021 Preemptive rights.

§ 7.2021 Preemptive rights. Link to an amendment published at 85 FR 83736, Dec. 22, 2020.

A national bank in its articles of association must grant or deny preemptive rights to the bank's shareholders. Any amendment to a national bank's articles of association which modifies such preemptive rights must be approved by a vote of the holders of two-thirds of the bank's outstanding voting shares.

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