Amendments
2010—Par. (1). Pub. L. 111–203, § 360(2)(A), inserted “and Federal savings associations (the deposits of which are insured by the Federal Deposit Insurance Corporation)” before the comma. Par. (2). Pub. L. 111–203, § 360(2)(B), substituted “, bank holding companies, and savings and loan holding companies” for “, and bank holding companies”. Par. (3). Pub. L. 111–203, § 360(2)(C), substituted “Corporation and State savings associations (the deposits of which are insured by the Federal Deposit Insurance Corporation),” for “Corporation,”. Pars. (4), (5). Pub. L. 111–203, § 360(2)(D), (E), redesignated par. (5) as (4) and struck out former par. (4) which read as follows: “the Director of the Office of Thrift Supervision with respect to institutions the accounts of which are insured by the Federal Deposit Insurance Corporation, and savings and loan holding companies, and”. 2004—Par. (1). Pub. L. 108–386 struck out “and banks located in the District of Columbia” after “national banks”. 1996—Pub. L. 104–208 redesignated subsec. (a) as entire section, in introductory provisions, substituted “
Regulations
” for “
Rules and Regulations
” and inserted “, including
Regulations
that permit service by a management official that would otherwise be prohibited by
section 3202 of this title or
section 3203 of this title, if such service would not result in a monopoly or substantial lessening of competition,” after “chapter”, in par. (4), substituted “Director of the Office of Thrift Supervision” for “Federal Home Loan Bank Board” and “Federal Deposit Insurance Corporation” for “Federal Savings and Loan Insurance Corporation”, and struck out subsecs. (b) and (c), which related to regulatory standards, and to limited exception for management official consignment program, respectively. 1994—Pub. L. 103–325 designated existing provisions as subsec. (a), inserted heading, struck out “, including rules or
Regulations
which permit service by a management official which would otherwise be prohibited by
section 3202 or
section 3203 of this title,” after “
Rules and Regulations
to carry out this chapter” in introductory provisions, and added subsecs. (b) and (c).
Statutory Notes and Related Subsidiaries
Effective Date
of 2010 AmendmentAmendment by Pub. L. 111–203 effective on the transfer date, see
section 351 of Pub. L. 111–203, set out as a note under
section 906 of Title 2, The Congress.
Effective Date
of 2004 AmendmentAmendment by Pub. L. 108–386 effective Oct. 30, 2004, and, except as otherwise provided, applicable with respect to fiscal year 2005 and each succeeding fiscal year, see
section 8(i) and 9 of Pub. L. 108–386, set out as notes under
section 321 of this title.
Effective Date
Section effective upon the expiration of 120 days after Nov. 10, 1978, see
section 2101 of Pub. L. 95–630, set out as a note under
section 375b of this title.