12 CFR 5.65 - Restrictions on undercapitalized institutions.

Code of Federal Regulations - Title 12: Banks and Banking

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Title 12: Banks and Banking

CHAPTER I: COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY

PART 5: RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES

Subpart E: Payment of Dividends

5.65 - Restrictions on undercapitalized institutions.

Notwithstanding any other provision in this subpart, a national bank may not declare or pay any dividend if, after making the dividend, the national bank would be ?undercapitalized? as defined in 12 CFR part 6.

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