# 12 C.F.R. § 5.60 (2026): Authority, scope, and exceptions to rules of general applicability

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P5_S5_60

## Section

- **Citation:** 12 C.F.R. § 5.60 (2026)
- **Heading:** Authority, scope, and exceptions to rules of general applicability
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 12 CFR: Banks and Banking / Chapter I: COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY / Part 5: RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES / Subpart E: Payment of Dividends by National Banks / § 5.60: § 5.60   Authority, scope, and exceptions to rules of general applicability.

## Text

(a)
Authority.
12 U.S.C. 56, 60, and 93a.
(b)
Scope.
Except as otherwise provided, the restrictions in this subpart apply to the declaration and payment of all dividends by a national bank, including dividends paid in property. However, the provisions contained in § 5.64 do not apply to dividends paid in stock of the bank.
(c)
Exceptions to the rules of general applicability.
Sections 5.8, 5.10, and 5.11 do not apply to this subpart.

## Nearby sections

- [12 C.F.R. § 5.60 (2026) § 5.60   Authority, scope, and exceptions to rules of general applicability.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P5_S5_60.md)
- [12 C.F.R. § 5.61 (2026) § 5.61   Definitions.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P5_S5_61.md)
- [12 C.F.R. § 5.62 (2026) § 5.62   Date of declaration of dividend.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P5_S5_62.md)
- [12 C.F.R. § 5.63 (2026) § 5.63   Capital limitation under 12 U.S.C. 56.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P5_S5_63.md)
- [12 C.F.R. § 5.64 (2026) § 5.64   Earnings limitation under 12 U.S.C. 60.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P5_S5_64.md)
- [12 C.F.R. § 5.65 (2026) § 5.65   Restrictions on undercapitalized institutions.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P5_S5_65.md)
- [12 C.F.R. § 5.66 (2026) § 5.66   Dividends payable in property other than cash.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P5_S5_66.md)
- [12 C.F.R. § 5.67 (2026) § 5.67   Fractional shares.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P5_S5_67.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T12_P5_S5_60. Check the current official text before relying on it. Not legal advice.