Guest mcw Posted January 8, 2004 Posted January 8, 2004 409(h)(3) states that banks that are prohibited by law from purchasing its own stock are not required to have the put option. When are banks prohibited by law from purchasing its own stock?
RLL Posted January 8, 2004 Posted January 8, 2004 Hi mcw --- Banks and other financial institutions (such as savings and loan associations) are subject to special rules under federal and state banking laws and regulations which may prohibit repurchases of their own stock.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now