§ 7.2021. National bank preemptive rights.
49 words·~1 min read·
/us/cfr/t12/s§ 7.2021·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A national bank in its articles of association must grant or deny preemptive rights to the bank's shareholders. Any amendment to a national bank's articles of association which modifies such preemptive rights must be approved by a vote of the holders of two-thirds of the bank's outstanding voting shares.