Code of Federal Regulations · Section

§ 390.425 — Delayed Or Continuous Offering And Sale Of Securities

12 C.F.R. § 390.425

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Any offer or sale of securities under § 390.411 may be made on a continuous or delayed basis in the future, if:

(a) The securities would satisfy all of the eligibility requirements of the Commission's Rule 415, 17 CFR 230.415; and

(b) The association issuing the securities is in compliance with the FDIC's regulatory capital requirements during the time the offering is made.

12 C.F.R. § 390.424 12 C.F.R. § 390.426

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