§ 215a-1. — Interstate consolidations and mergers.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC215a-1]
TITLE 12--BANKS AND BANKING
CHAPTER 2--NATIONAL BANKS
SUBCHAPTER XVI--CONSOLIDATION AND MERGER
Sec. 215a-1. Interstate consolidations and mergers
(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) of this section 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) \1\ of this title.
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\1\ See References in Text note below.
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(Nov. 7, 1918, ch. 209, Sec. 4, as added Pub. L. 103-328, title I,
Sec. 102(b)(4)(D), Sept. 29, 1994, 108 Stat. 2351.)
References in Text
Section 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.
