12 USC 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.)

Sections:  Previous  214b  214c  214d  215  215a  215a-1  215a-2  215a-3  215b  215c  216  216a  216b  216c  216d  Next

Last modified: October 26, 2015