12 CFR § 1.6 - Convertible securities.

---
identifier: "/us/cfr/t12/s1.6"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1.6 - Convertible securities."
title_number: 12
title_name: "Banks and Banking"
section_number: "1.6"
section_name: "Convertible securities."
chapter_name: "COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY"
part_number: "1"
part_name: "INVESTMENT SECURITIES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1  24 (Seventh), and 93a."
regulatory_source: "61 FR 63982, Dec. 2, 1996, unless otherwise noted."
cfr_part: "1"
---


# 1.6 Convertible securities.

A national bank may not purchase securities convertible into stock at the option of the issuer.