CFR > Title 12 - Banks and Banking > CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY > PART 7—BANK ACTIVITIES AND OPERATIONS > SUBPART A—Bank Powers (§7.1000 to §7.1021) > 7.1015—Receipt of stock from a small business investment company.

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).