A state-chartered bank may provide financial valuation and advisory services to its depositors or clients. The term "financial valuation and advisory services" means: (1) the valuation of a company for purposes of acquisitions, mergers, and divestitures; (2) fairness opinions in connection with tender offers, consolidations, or mergers; (3) advice for management or for a bankruptcy court about the viability and capital adequacy of financially troubled companies and about the fairness of proposed bankruptcy reorganizations; (4) valuation opinions for transactions in publicly held securities; (5) valuations of the fair market value of employee stock ownership trusts; (6) periodic valuation of stock of privately owned companies held in pension or profit-sharing plans, charitable trusts, or venture capital funds; (7) valuation of a privately owned
company, or of a large block of publicly owned securities; (8) valuations, for estate tax and estate planning purposes, of a company's common stock and other securities for recapitalization of a privately held company; and (9) expert witness testimony in support of valuations.
|
