Us Code § 215a - –3. Mergers and consolidations with subsidiaries and nonbank affiliates
Full text of Us Code United States Code § 215a — –3. Mergers and consolidations with subsidiaries and nonbank affiliates, with citation guidance and answers to common questions.
§ 215a. –3. Mergers and consolidations with subsidiaries and nonbank affiliates
(a) In general
Upon the approval of the Comptroller, a national bank may merge with one or more of its nonbank subsidiaries or affiliates.
(b) Scope
Nothing in this section shall be construed—
(1) to affect the applicability of section 1828(c) of this title; or
(2) to grant a national bank any power or authority that is not permissible for a national bank under other applicable provisions of law.
(c) Regulations
The Comptroller shall promulgate regulations to implement this section.
(Nov. 7, 1918, ch. 209, §6, as added Pub. L. 106–569, title XII, §1206, Dec. 27, 2000, 114 Stat. 3034.)
About This Section
12 U.S.C. § 215a is part of Title 12 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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