§ 7.1015Receipt of stock from a small business investment company.
A national bank may purchase the stock of a small business investment company (SBIC) (see15 U.S.C. 682(b)), and may receive the benefits of such stock ownership (e.g., stock dividends). The receipt and retention of a dividend by a national bank from an SBIC in the form of stock of a corporate borrower of the SBIC is not a purchase of stock within the meaning of 12 U.S.C. 24 (Seventh).
Title 12 published on 2014-01-01
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