12-U.S.C.-214B
§214B – Continuation of Business and Corporate Entity
Pathway
Title 12 > Chapter 2 > Subchapter XV > Section 214b
Details
- Reference: Section 214b
- Legend: §214B – Continuation of Business and Corporate Entity
- USCode Year: 2013
Provision Content
The franchise of a national banking association as a national banking association shall automatically terminate when its conversion into or its merger or consolidation with a State bank under a State charter is consummated and the resulting State bank shall be considered the same business and corporate entity as the national banking association, although as to rights, powers, and duties the resulting bank is a State bank. Any reference to such national banking association in any contract, will, or document shall be considered a reference to the State bank if not inconsistent with the provisions of the contract, will, or document or applicable law.
(Aug. 17, 1950, ch. 729, §3, 64 Stat. 456.)
U.S. Encyclopedia of Law Coverage
12-U.S.C.-213 in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-213, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.
12-U.S.C.-198 in the Legal Encyclopedia: Credit Institutions
In this entry about 12-U.S.C.-198, find legal reference material, bibliographies and premiere content related to credit institutions in the American Encyclopedia of Law, presenting a comprehensive view of the United States credit institutions-specific issues, written by authorities in the field.
12-U.S.C.-196 in the Legal Encyclopedia: Banks
In this entry about 12-U.S.C.-196, find legal reference material, bibliographies and premiere content related to banks in the American Encyclopedia of Law, presenting a comprehensive view of the United States banks-specific issues, written by authorities in the field.
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