ILLUSTRATIONS WHEN A DIRECTOR, OFFICER AND STOCKHOLDER (DOS) SHALL WAIVE THE SECRECY OF DEPOSITS
(Appendix to Sec. 347)
A. When the loan is obtained from a bank that is a subsidiary of a holding company of which both the borrower’s bank and the lending bank are subsidiaries.
B. When the loan is from a bank in which a controlling proportion of the shares is owned by the same interest that owns a controlling proportion of the shares of his bank.