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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. § 214d Prohibition on conversion us united_states_code code_section 12 BANKS AND BANKING 2 NATIONAL BANKS 214d 12 U.S.C. § 214d 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/s214d data/legal/raw/us/code/title-12/usc12.xml d1886f02e87c443d1bb2eeafa959fb4f48237ca9ab3453cfdfd01fe84ad722bf e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa c85ed7c5554c1c43d4a65264ead405256f671f96dadfb537dae2ce597f33f1ca 2026-07-04 official
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12 U.S.C. § 214d - Prohibition on conversion

Text

A national banking association may not convert to a State bank or State savings association during any period in which the national banking association is subject to a cease and desist order (or other formal enforcement order) issued by, or a memorandum of understanding entered into with, the Comptroller of the Currency with respect to a significant supervisory matter.

(Aug. 17, 1950, ch. 729, § 10, as added Pub. L. 111203, title VI, § 612(a), July 21, 2010, 124 Stat. 1612.)

Notes

Statutory Notes and Related Subsidiaries

Effective DateSection effective 1 day after July 21, 2010, except as otherwise provided, see section 4 of Pub. L. 111203, set out as a note under section 5301 of this title.