12 USC 215a-3: Mergers and consolidations with subsidiaries and nonbank affiliates
Text contains those laws in effect on April 24, 2024
From Title 12-BANKS AND BANKINGCHAPTER 2-NATIONAL BANKSSUBCHAPTER XVI-CONSOLIDATION AND MERGER
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§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