Title 12, Banks and BankingRelease 119-73not60
§215a–3 Mergers and Consolidations with Subsidiaries and Nonbank Affiliates
Title 12 › Chapter 2— NATIONAL BANKS › Subchapter XVI— CONSOLIDATION AND MERGER › § 215a–3
Summary
A national bank may merge with one or more of its nonbank subsidiaries or affiliates if the Comptroller approves. This does not change how section 1828(c) applies and does not let a bank do anything the law otherwise forbids. The Comptroller must create rules to carry out this authority.
Full Legal Text
Title 12, §215a–3
Banks and Banking, Source: USLM XML via OLRC
(a)Upon the approval of the Comptroller, a national bank may merge with one or more of its nonbank subsidiaries or affiliates.
(b)Nothing 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)The Comptroller shall promulgate regulations to implement this section.
Reference
Citations & Metadata
Citation
12 U.S.C. § 215a–3
Title 12, Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60