Public Law 119-102 (07/12/2026)

12 U.S.C. § 215a–3

Mergers and consolidations with subsidiaries and nonbank affiliates

Section text and notes

(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)
section 1828(c) of this title to affect the applicability of ; 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 Pub. L. 106–569, title XII, § 1206114 Stat. 3034 (, as added , , .)