12 U.S.C. § 215a–1 | Interstate consolidations and mergers

(a)

In general

section 1831u of this titleA 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 .

(b)

Scope of application

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

(c)

Definitions

1 See References in Text note below.

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

Nov. 7, 1918, ch. 209, § 4 Pub. L. 103–328, title I, § 102(b)(4)(D)Sept. 29, 1994108 Stat. 2351(, as added , , .)

Editorial Notes

References in Text

Section 1831u of this title, referred to in subsec. (c), was subsequently amended, and subsec. (f) of section 1831u no longer defines the terms “home State” and “out-of-State bank”. However, such terms are defined elsewhere in that section.