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.”

This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.

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.


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 390 - REGULATIONS TRANSFERRED FROM THE OFFICE OF THRIFT SUPERVISION

12 CFR Part 563f - MANAGEMENT OFFICIAL INTERLOCKS

12 CFR Part 711 - MANAGEMENT OFFICIAL INTERLOCKS

 

LII has no control over and does not endorse any external Internet site that contains links to or references LII.