12-U.S.C.-3203
§3203 – Dual Service of Management official of $2,500,000,000 Institution Or Holding Company As Management official of Unaffiliated $1,500,000,000 Institution Or Holding Company Prohibited
Pathway
Title 12 > Chapter 33 > Section 3203
Details
- Reference: Section 3203
- Legend: §3203 – Dual Service of Management official of $2,500,000,000 Institution Or Holding Company As Management official of Unaffiliated $1,500,000,000 Institution Or Holding Company Prohibited
- USCode Year: 2013
Provision Content
If a depository institution or a depository holding company has total assets exceeding $2,500,000,000, a management official of such institution or any affiliate thereof may not serve as a management official of any other nonaffiliated depository institution or depository holding company having total assets exceeding $1,500,000,000 or as a management official of any affiliate of such other institution. In order to allow for inflation or market changes, the appropriate Federal depository institutions regulatory agencies may, by regulation, adjust, as necessary, the amount of total assets required for depository institutions or depository holding companies under this section.
(Pub. L. 95–630, title II, §204, Nov. 10, 1978, 92 Stat. 3673; Pub. L. 104–208, div. A, title II, §2210(a), Sept. 30, 1996, 110 Stat. 3009–409.)
Amendments
1996—Pub. L. 104–208 substituted $2,500,000,000 for $1,000,000,000 and $1,500,000,000 for $500,000,000 and inserted at end In order to allow for inflation or market changes, the appropriate Federal depository institutions regulatory agencies may, by regulation, adjust, as necessary, the amount of total assets required for depository institutions or depository holding companies under this section.
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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