12-U.S.C.-214D
§214D – Prohibition On Conversion
Pathway
Title 12 > Chapter 2 > Subchapter XV > Section 214d
Details
- Reference: Section 214d
- Legend: §214D – Prohibition On Conversion
- USCode Year: 2013
Provision Content
A national banking association may not convert to a State bank or State savings association during any period in which the national banking association is subject to a cease and desist order (or other formal enforcement order) issued by, or a memorandum of understanding entered into with, the Comptroller of the Currency with respect to a significant supervisory matter.
(Aug. 17, 1950, ch. 729, §10, as added Pub. L. 111–203, title VI, §612(a), July 21, 2010, 124 Stat. 1612.)
Effective Date
Section 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.
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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