12 U.S. Code § 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

If a depository institution or a depository holding company has total assets exceeding $2,500,000,000, a management official of such institution or any affiliate thereof may not serve as a management official of any other nonaffiliated depository institution or depository holding company having total assets exceeding $1,500,000,000 or as a management official of any affiliate of such other institution. In order to allow for inflation or market changes, the appropriate Federal depository institutions regulatory agencies may, by regulation, adjust, as necessary, the amount of total assets required for depository institutions or depository holding companies under this section.

Source

(Pub. L. 95–630, title II, § 204,Nov. 10, 1978, 92 Stat. 3673; Pub. L. 104–208, div. A, title II, § 2210(a),Sept. 30, 1996, 110 Stat. 3009–409.)
Amendments

1996—Pub. L. 104–208substituted “$2,500,000,000” for “$1,000,000,000” and “$1,500,000,000” for “$500,000,000” and inserted at end “In order to allow for inflation or market changes, the appropriate Federal depository institutions regulatory agencies may, by regulation, adjust, as necessary, the amount of total assets required for depository institutions or depository holding companies under this section.”

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12 USCDescription of ChangeSession YearPublic LawStatutes at Large

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12 CFR - Banks and Banking

12 CFR Part 26 - MANAGEMENT OFFICIAL INTERLOCKS

12 CFR Part 196 - MANAGEMENT OFFICIAL INTERLOCKS

12 CFR Part 212 - MANAGEMENT OFFICIAL INTERLOCKS

12 CFR Part 563f - MANAGEMENT OFFICIAL INTERLOCKS

12 CFR Part 711 - MANAGEMENT OFFICIAL INTERLOCKS

 

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