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CFR › Title 12 › Chapter II › Subchapter A › Part 212 › Section 212.1

12 CFR 212.1 - Authority, purpose, and scope.

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§ 212.1
Authority, purpose, and scope.
(a) Authority. This part is issued under the provisions of the Depository Institution Management Interlocks Act (Interlocks Act) (12 U.S.C. 3201 et seq. ), as amended.
(b) Purpose. The purpose of the Interlocks Act and this part is to foster competition by generally prohibiting a management official from serving two nonaffiliated depository organizations in situations where the management interlock likely would have an anticompetitive effect.
(c) Scope. This part applies to management officials of state member banks, bank holding companies, and their affiliates.

Title 12 published on 2012-01-01

no entries appear in the Federal Register after this date.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code
USC : Title 12 - BANKS AND BANKING

§ 3201 - Definitions

§ 3202 - Dual service of management official as management official of unaffiliated institution or holding company in same area, town, or village prohibited

§ 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

§ 3204 - Exceptions

§ 3205 - Management official in position prior to November 10, 1978

§ 3206 - Administration and enforcement

§ 3207 - Rules and regulations

§ 3208 - Powers available to Attorney General for enforcement

USC : Title 15 - COMMERCE AND TRADE

§ 19 - Interlocking directorates and officers