Code · CFR · Title 12 — Banks and Banking · Part 7 — Activities and Operations · § 7.1007

§ 7.1007. National Bank Acceptances.

42 words·~1 min read·/us/cfr/t12/s§ 7.1007·

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A national bank is not limited in the character of acceptances it may make in financing credit transactions. Bankers' acceptances may be used for such purpose, since the making of acceptances is an essential part of banking authorized by 12 U.S.C. 24.

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U.S. Code

Corporate powers of associations
§ 24

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§ 7.1007

National Bank Acceptances.

U.S.C.§ 24

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