12 C.F.R. § 223.11
What is the maximum amount of covered transactions that a member bank may enter into with any single affiliate?
A member bank may not engage in a covered transaction with an affiliate (other than a financial subsidiary of the member bank) if the aggregate amount of the member bank's covered transactions with such affiliate would exceed 10 percent of the capital stock and surplus of the member bank.
Notes of Decisions
Cited in 1
case, 2012–2012 · leading case: Bank of the Ozarks v. DKK Dev. Co., 726 S.E.2d 608 (Ga. Ct. App. 2012).
Bank of the Ozarks v. DKK Dev. Co., 726 S.E.2d 608 (Ga. Ct. App. 2012). “See 12 CFR § 223.11 . The Bank also argues that the set-off violated the Bank’s consent order from the GDBF and the FDIC, DKK had “unclean hands” and was not entitled to equitable relief, and the set-off was not permissible because the Bank was not the same entity as the Holding…”
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