12 U.S. Code § 215a–1 - Interstate consolidations and mergers

(a) In general
A national bank may engage in a consolidation or merger under this subchapter with an out-of-State bank if the consolidation or merger is approved pursuant to section 1831u of this title.
(b) Scope of application
Subsection (a) of this section shall not apply with respect to any consolidation or merger before June 1, 1997, unless the home State of each bank involved in the transaction has in effect a law described in section 1831u (a)(3) of this title.
(c) Definitions
The terms “home State” and “out-of-State bank” have the same meaning as in section 1831u (f)  [1] of this title.


[1]  See References in Text note below.

Source

(Nov. 7, 1918, ch. 209, § 4, as added Pub. L. 103–328, title I, § 102(b)(4)(D),Sept. 29, 1994, 108 Stat. 2351.)
References in Text

Section 1831u of this title, referred to in subsec. (c), was subsequently amended, and subsec. (f) ofsection 1831u no longer defines the terms “home State” and “out-of-State bank”. However, such terms are defined elsewhere in that section.

 

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