12-U.S.C.-215A-1

§215A-1 – §215A-1. Interstate Consolidations and Mergers

Pathway

Title 12 > Chapter 2 > Subchapter XVI > Section 215a-1

Details

• Reference: Section 215a-1
• Legend: §215A-1 – §215A-1. Interstate Consolidations and Mergers
• USCode Year: 2013

Provision Content

(a) In general

A national bank may engage in a consolidation or merger under this subchapter with an out-of-State bank if the consolidation or merger is approved pursuant to section 1831u of this title.

(b) Scope of application

Subsection (a) of this section shall not apply with respect to any consolidation or merger before June 1, 1997, unless the home State of each bank involved in the transaction has in effect a law described in section 1831u(a)(3) of this title.

(c) Definitions

The terms home State and out-of-State bank have the same meaning as in section 1831u(f)  of this title.

(Nov. 7, 1918, ch. 209, §4, as added Pub. L. 103–328, title I, §102(b)(4)(D), Sept. 29, 1994, 108 Stat. 2351.)

References in Text

Section 1831u of this title, referred to in subsec. (c), was subsequently amended, and subsec. (f) of section 1831u no longer defines the terms home State and out-of-State bank. However, such terms are defined elsewhere in that section.

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.-215A-1 in the Legal Encyclopedia: Credit Institutions

In this entry about 12-U.S.C.-215A-1, 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.

Subchapter XVI – Consolidation and Merger in the Legal Encyclopedia: Banks

In this entry about Subchapter XVI – Consolidation and Merger, 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.

Topic Map

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