Title 12, Banks and BankingRelease 119-73not60
§215a–1 Interstate Consolidations and Mergers
Title 12 › Chapter 2— NATIONAL BANKS › Subchapter XVI— CONSOLIDATION AND MERGER › § 215a–1
Summary
National banks may merge with out‑of‑State banks if approved under 1831u. Except for mergers before June 1, 1997, this applies if each bank’s home State had law in 1831u(a)(3). "Home State" and "out‑of‑State bank" defined in 1831u(f).
Full Legal Text
Title 12, §215a–1
Banks and Banking, Source: USLM XML via OLRC
(a)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)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)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.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
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.
Reference
Citations & Metadata
Citation
12 U.S.C. § 215a–1
Title 12, Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60