1. (1) This obligation is NOT insured by the Federal Deposit Insurance Corporation.
2. (2) This obligation is subordinated to the claims of all depositors and other creditors.
3. (3) Subordinated capital notes or debentures shall not be used as collateral for loans made by the bank.
4. (4) The disclosure required under subsections (1) and (2) of this section shall be prominently displayed in all advertising of capital notes or debentures.

All subordinated capital notes or debentures issued by a bank, whether convertible or not, shall have the following provisions made in the body of the note or debenture and these provisions shall be disclosed in either a bold face type or in a size of type which is larger than the type face used in the other provisions carried in the body of the note or debenture.

KEY: banks and banking

Date of Last Change: 1995

Notice of Continuation: September 8, 2022

Authorizing, and Implemented or Interpreted Law: 7-1-301(8)(e); 7-3-28