12 U.S. Code § 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.

Source

(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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12 CFR - Banks and Banking

12 CFR Part 5 - RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES

 

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