NAC662.060. Long-term capital notes or debentures: Period of maturity.

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The Administrator of Financial Institutions will prescribe periods of maturity not exceeding 25 years for any issue of such long-term capital notes or debentures, and the issuing bank shall establish a schedule of prepayments or an appropriate sinking fund for the amortization of the indebtedness.

[Banking Div., Long-Term Capital Notes or Debentures Rule No. 1 subsec. 6, eff. 12-14-78]—(NAC A by Admstr. of Financial Institutions, eff. 6-29-84)

                    
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