Mergers and consolidations with subsidiaries and nonbank affiliates

  1. Law
  2. USC 12
  3. Banks And Banking
  4. NATIONAL BANKS
  5. CONSOLIDATION AND MERGER
  6. Mergers and consolidations with subsidiaries and nonbank affiliates

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§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 .)


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