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United States Code
Title 12 - BANKS AND BANKINGChapter 53 - WALL STREET REFORM AND CONSUMER PROTECTIONSubchapter III - TRANSFER OF POWERS TO THE COMPTROLLER OF THE CURRENCY, THE CORPORATION, AND THE BOARD OF GOVERNORS
Part C - OTHER MATTERS
Section 5451 - Branching

12 U.S.C. § 5451

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Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)
Section 5451 - Branching

Notwithstanding the Federal Deposit Insurance Act ( 12 U.S.C. 1811 et seq.), the Bank Holding Company Act of 1956 ( 12 U.S.C. 1841 et seq.), or any other provision of Federal or State law, a savings association that becomes a bank may-

(1) continue to operate any branch or agency that the savings association operated immediately before the savings association became a bank; and
(2) establish, acquire, and operate additional branches and agencies at any location within any State in which the savings association operated a branch immediately before the savings association became a bank, if the law of the State in which the branch is located, or is to be located, would permit establishment of the branch if the bank were a State bank chartered by such State.

12 U.S.C. § 5451

Pub. L. 111-203, title III, §341, July 21, 2010, 124 Stat. 1540.

EDITORIAL NOTES

REFERENCES IN TEXTThe Federal Deposit Insurance Act, referred to in text, is act Sept. 21, 1950, ch. 967, §2, 64 Stat. 873, which is classified generally to chapter 16 (§1811 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under section 1811 of this title and Tables. The Bank Holding Company Act of 1956, referred to in text, is act May 9, 1956, ch. 240, 70 Stat. 133, which is classified principally to chapter 17 (§1841 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under section 1841 of this title and Tables.

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATESection effective 1 day after July 21, 2010, except as otherwise provided, see section 4 of Pub. L. 111-203 set out as a note under section 5301 of this title.

State
The term "State" means any State, territory, or possession of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, Guam, American Samoa, or the United States Virgin Islands or any federally recognized Indian tribe, as defined by the Secretary of the Interior under section 5131(a) of title 25.