§ 347.104 Insured state nonmember bank investments in foreign organizations.
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
Investment in foreign banks or foreign banking organizations.(a) A bank may directly or indirectly acquire and retain equity interests in a foreign bank or foreign banking organization.
Investment in other foreign organizations.(b) A bank may only:
(1) acquire and retain equity interests in foreign organizations, other than foreign banks or foreign banking organizations in amounts of 50 percent or less of the foreign organization's voting equity interests, if the equity interest is held through a domestic or foreign subsidiary; and
(2) The bank meets its minimum capital requirements.
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