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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 215a3 Mergers and consolidations with subsidiaries and nonbank affiliates us united_states_code code_section 12 BANKS AND BANKING 2 NATIONAL BANKS 215a3 12 U.S.C. § 215a3 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s215a3 data/legal/raw/us/code/title-12/usc12.xml f354cad8ce7c4656b1ad689c2d330dca969d2041312c456a460fad5f39458231 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa c11414d9425279081429a294e74901c31610e3fdfe068814ccb7d8304abc7961 2026-07-04 official
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12 U.S.C. § 215a3 - Mergers and consolidations with subsidiaries and nonbank affiliates

Text

(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.

(Nov. 7, 1918, ch. 209, § 6, as added Pub. L. 106569, title XII, § 1206, Dec. 27, 2000, 114 Stat. 3034.)