12 CFR 559.10 - How must separate corporate identities be maintained?
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(a) Each savings association and subordinate organization thereof must be operated in a manner that demonstrates to the public that each maintains a separate corporate existence. Each must operate so that:
(3) Each is adequately financed as a separate unit in light of normal obligations reasonably foreseeable in a business of its size and character;
(5) Unless the parent savings association has guaranteed a loan to the subordinate organization, all borrowings by the subordinate organization indicate that the parent is not liable.
Title 12 published on 2015-01-01.
No entries appear in the Federal Register after this date, for 12 CFR Part 559.