§ 223.12. What is the maximum amount of covered transactions that a member bank may enter into with all affiliates?
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/us/cfr/t12/s§ 223.12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A member bank may not engage in a covered transaction with any affiliate if the aggregate amount of the member bank's covered transactions with all affiliates would exceed 20 percent of the capital stock and surplus of the member bank.