12 U.S.C. · Banks and Banking
12 U.S.C. § 215a3

Mergers and consolidations with subsidiaries and nonbank affiliates

Ch. 2 — NATIONAL BANKS
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 2
Statutory Text

12 U.S.C. § 215a3 — Mergers and consolidations with subsidiaries and nonbank affiliates

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 2 - NATIONAL BANKS SUBCHAPTER XVI - CONSOLIDATION AND MERGER Sec. 215a-3 - Mergers and consolidations with subsidiaries and nonbank affiliates From the U.S. Government Publishing Office, www.gpo.gov

§215a–3. Mergers and consolidations with subsidiaries and nonbank affiliates

(a) In general Upon the approval of the Comptroller, a national bank may merge with one or more of its nonbank subsidiaries or affiliates. (b) Scope Nothing in this section shall be construed— (1) to affect the applicability of section 1828(c) of this title; or (2) to grant a national bank any power or authority that is not permissible for a national bank under other applicable provisions of law. (c) Regulations The Comptroller shall promulgate regulations to implement this section.

(Nov. 7, 1918, ch. 209, §6, as added Pub. L. 106–569, title XII, §1206, Dec. 27, 2000, 114 Stat. 3034.)

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The statutory text of 12 U.S.C. § 215a3 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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