Type II Investment Security Law and Legal Definition
According to 12 CFR 1.2 [Title 12 Banks and Banking; Chapter I Comptroller Of the Currency, Department of the Treasury; Part 1 Investment Securities] Type II security means “an investment security that represents:
(1) Obligations issued by a State, or a political subdivision or agency of a State, for housing, university, or dormitory purposes that would not satisfy the definition of Type I securities pursuant to paragraph (j) of § 1.2;
(2) Obligations of international and multilateral development banks and organizations listed in 12 U.S.C. 24 (Seventh);
(3) Other obligations listed in 12 U.S.C. 24 (Seventh) as permissible for a bank to deal in, underwrite, purchase, and sell for the bank's own account, subject to a limitation per obligor of 10 percent of the bank's capital and surplus; and
(4) Other securities the OCC determines to be eligible as Type II securities under 12 U.S.C. 24 (Seventh).
Legal Definition list
Related Legal Terms
- A Vinculo Matrimonii
- Abandoned Security Property [Agriculture]
- Access Control List [National Security]
- Access Control Mechanism [National Security]
- Accessible Space [National Security]
- Acta Jure Imperii
- Actual Investment
- Adverse Claim on Security
- Agricultural Biosecurity
- Alternate COMSEC Custodian [National Security]
