12-U.S.C.-3202
§3202 – Dual Service of Management official As Management official of Unaffiliated Institution Or Holding Company In Same Area, town, Or Village Prohibited
Pathway
Title 12 > Chapter 33 > Section 3202
Details
- Reference: Section 3202
- Legend: §3202 – Dual Service of Management official As Management official of Unaffiliated Institution Or Holding Company In Same Area, town, Or Village Prohibited
- USCode Year: 2013
Provision Content
A management official of a depository institution or a depository holding company may not serve as a management official of any other depository institution or depository holding company not affiliated therewith if an office of one of the institutions or any depository institution that is an affiliate of such institutions is located within either—
(1) the same primary metropolitan statistical area, the same metropolitan statistical area, or the same consolidated metropolitan statistical area that is not comprised of designated primary metropolitan statistical areas as defined by the Office of Management and Budget, except in the case of depository institutions with less than $50,000,000 in assets in which case the provision of paragraph (2) shall apply, as that in which an office of the other institution or any depository institution that is an affiliate of such other institution is located, or
(2) the same city, town, or village as that in which an office of the other institution or any depository institution that is an affiliate of such other institution is located, or in any city, town, or village contiguous or adjacent thereto.
(Pub. L. 95–630, title II, §203, Nov. 10, 1978, 92 Stat. 3673; Pub. L. 98–181, title I [title VII, §701(c)], Nov. 30, 1983, 97 Stat. 1267; Pub. L. 109–351, title VI, §610, Oct. 13, 2006, 120 Stat. 1984.)
Amendments
2006—Par. (1). Pub. L. 109–351 substituted $50,000,000 for $20,000,000.
1983—Par. (1). Pub. L. 98–181 substituted primary metropolitan statistical area, the same metropolitan statistical area, or the same consolidated metropolitan statistical area that is not comprised of designated primary metropolitan statistical areas for standard metropolitan statistical area.
U.S. Encyclopedia of Law Coverage
12-U.S.C.-3051 in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-3051, 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.-2149 in the Legal Encyclopedia: Credit Institutions
In this entry about 12-U.S.C.-2149, 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.
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