Title 12: Banks and Banking
PART 7—BANK ACTIVITIES AND OPERATIONS
Subpart A—Bank Powers
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§ 7.1015 Receipt of stock from a small business investment company.
A national bank may purchase the stock of a small business investment company (SBIC) ( see 15 U.S.C. 682(b)), and may receive the benefits of such stock ownership ( e.g., stock dividends). The receipt and retention of a dividend by a national bank from an SBIC in the form of stock of a corporate borrower of the SBIC is not a purchase of stock within the meaning of 12 U.S.C. 24 (Seventh).
