FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER XV—CONVERSION OF NATIONAL BANKS INTO STATE BANKS
Prohibition on conversion
12 U.S.C. § 214d
Title12 — Banks and Banking
ChapterSUBCHAPTER XV—CONVERSION OF NATIONAL BANKS INTO STATE BANKS
This text of 12 U.S.C. § 214d (Prohibition on conversion) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
12 U.S.C. § 214d.
Text
A national banking association may not convert to a State bank or State savings association during any period in which the national banking association is subject to a cease and desist order (or other formal enforcement order) issued by, or a memorandum of understanding entered into with, the Comptroller of the Currency with respect to a significant supervisory matter.
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History
(Aug. 17, 1950, ch. 729, §10, as added Pub. L. 111–203, title VI, §612(a), July 21, 2010, 124 Stat. 1612.)
Editorial Notes
Statutory Notes and Related Subsidiaries
Effective Date
Section effective 1 day after July 21, 2010, except as otherwise provided, see section 4 of Pub. L. 111–203, set out as a note under section 5301 of this title.
Effective Date
Section effective 1 day after July 21, 2010, except as otherwise provided, see section 4 of Pub. L. 111–203, set out as a note under section 5301 of this title.
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Bluebook (online)
12 U.S.C. § 214d, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/214d.