12 U.S.C. § 215a-3

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)

Section 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.

12 U.S.C. § 215a-3

Nov. 7, 1918, ch. 209, §6, as added Pub. L. 106-569, title XII, §12061206,, 114 Stat. 3034.