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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. § 215a1 Interstate consolidations and mergers us united_states_code code_section 12 BANKS AND BANKING 2 NATIONAL BANKS 215a1 12 U.S.C. § 215a1 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/s215a1 data/legal/raw/us/code/title-12/usc12.xml 3f6c2bdc9e2e5585d5e303d790ad2271611591dd58ab532b20170b33b207a5a7 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 74a8cdc4811279af52841dfe7c7bc7ceea26e7e4a9a9582da382f7da11a83c6b 2026-07-04 official
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12 U.S.C. § 215a1 - Interstate consolidations and mergers

Text

(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) 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) 11 See References in Text note below. of this title.

(Nov. 7, 1918, ch. 209, § 4, as added Pub. L. 103328, title I, § 102(b)(4)(D), Sept. 29, 1994, 108 Stat. 2351.)

Notes

Editorial Notes

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