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12 U.S.C. § 215a-3 - U.S. Code - Unannotated Title 12. Banks and Banking § 215a-3. Mergers and consolidations with subsidiaries and nonbank affiliates

Current as of January 01, 2024 | Updated by FindLaw Staff

(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.

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Cite this article: FindLaw.com - 12 U.S.C. § 215a-3 - U.S. Code - Unannotated Title 12. Banks and Banking § 215a-3. Mergers and consolidations with subsidiaries and nonbank affiliates - last updated January 01, 2024 | https://codes.findlaw.com/us/title-12-banks-and-banking/12-usc-sect-215a-3/

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