Code of Federal Regulations (alpha)

CFR /  Title 12  /  Part 24  /  Sec. 24.3 Public welfare investments.

A national bank or national bank subsidiary may make an investment directly or indirectly under this part if the investment primarily benefits low- and moderate income individuals, low- and moderate income areas, or other areas targeted by a governmental entity for redevelopment, or the investment would receive consideration under 12 CFR 25.23 as a ``qualified investment.'' [73 FR 46534, Aug. 11, 2008]