Transactions not requiring prior notice.

CFR · 2024-01-01 · US · Title 12

(a) (1) (i) Continuously since March 9, 1979 (or since the institution commenced business, if later), held power to vote 25 percent or more of any class of voting securities of the institution; or (ii) Is presumed, under § 225.41(c)(2) of this subpart, to have controlled the institution continuously since March 9, 1979, if the aggregate amount of voting securities held does not exceed 25 percent or more of any class of voting securities of the institution or, in other cases, where the Board determines that the person has controlled the bank continuously since March 9, 1979; (2) (3) (4) (5) (6) (7) (b) (i) Acquisition of voting securities through inheritance; (ii) Acquisition of voting securities as a (iii) Acquisition of voting securities in satisfaction of a debt previously contracted (DPC) in good faith. (2) The following acquisitions of voting securities of a state member bank or bank holding company, which would otherwise require prior notice under this subpart, are not subject to the prior notice requirements if the acquiring person does not reasonably have advance knowledge of the transaction, and provides the written notice required under section 225.43 to the appropriate Reserve Bank within 90 calendar days after the transaction occurs: (i) Acquisition of voting securities resulting from a redemption of voting securities by the issuing bank or bank holding company; and (ii) Acquisition of voting securities as a result of actions (including the sale of securities) by a

official document · source cfr-2024 · id 12:§ 225.42