12 U.S.C. § 215a-1 - U.S. Code - Unannotated Title 12. Banks and Banking § 215a-1. Interstate consolidations and mergers

(a)In general

A national bank may engage in a consolidation or merger under this subchapter with an out-of-State bank if the consolidation or merger is approved pursuant to section 1831u of this title.

(b)Scope of application

Subsection (a) shall not apply with respect to any consolidation or merger before June 1, 1997, unless the home State of each bank involved in the transaction has in effect a law described in section 1831u(a)(3) of this title.

(c)Definitions

The terms “home State” and “out-of-State bank” have the same meaning as in section 1831u(f) of this title.