§ 390.312. Subordinated debt security.
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/us/cfr/t12/s§ 390.312·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The term subordinated debt security means any unsecured note, debenture, or other debt security issued by a State savings association and subordinated on liquidation to all claims having the same priority as account holders or any higher priority.