Mergers and consolidations with subsidiaries and nonbank affiliates
About This Law
/us/usc/t12/s215a–3
Title
12 — Banks and Banking
Chapter
CH2
Release
119-84
Release Date
2026-04-17
Section Text
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(a) In generalUpon the approval of the Comptroller, a national bank may merge with one or more of its nonbank subsidiaries or affiliates.
(b) ScopeNothing 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) RegulationsThe Comptroller shall promulgate regulations to implement this section.
(Nov. 7, 1918, ch. 209, § 6, as added Pub. L. 106–569, title XII, § 1206, Dec. 27, 2000, 114 Stat. 3034.)
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