2014 US Code
Title 12 - Banks and Banking (Sections 1 - 5710)
Chapter 53 - Wall Street Reform and Consumer Protection (Sections 5301 - 5641)
Subchapter I - Financial Stability (Sections 5311 - 5374)
Part C - Additional Board of Governors Authority for Certain Nonbank Financial Companies and Bank Holding Companies (Sections 5361 - 5374)
Sec. 5364 - Prohibition against management interlocks between certain financial companies
| Publication Title | United States Code, 2012 Edition, Supplement 2, Title 12 - BANKS AND BANKING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 12 - BANKS AND BANKING CHAPTER 53 - WALL STREET REFORM AND CONSUMER PROTECTION SUBCHAPTER I - FINANCIAL STABILITY Part C - Additional Board of Governors Authority for Certain Nonbank Financial Companies and Bank Holding Companies Sec. 5364 - Prohibition against management interlocks between certain financial companies |
| Contains | section 5364 |
| Date | 2014 |
| Laws In Effect As Of Date | January 5, 2015 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 111-203, title I, §164, July 21, 2010, 124 Stat. 1423. |
| Statutes at Large References | 92 Stat. 3672 124 Stat. 1423 |
| Public and Private Laws | Public Law 95-630, Public Law 111-203 |
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A nonbank financial company supervised by the Board of Governors shall be treated as a bank holding company for purposes of the Depository Institutions 1 Management Interlocks Act (12 U.S.C. 3201 et seq.), except that the Board of Governors shall not exercise the authority provided in section 7 2 of that Act (12 U.S.C. 3207) to permit service by a management official of a nonbank financial company supervised by the Board of Governors as a management official of any bank holding company with total consolidated assets equal to or greater than $50,000,000,000, or other nonaffiliated nonbank financial company supervised by the Board of Governors (other than to provide a temporary exemption for interlocks resulting from a merger, acquisition, or consolidation).
(Pub. L. 111–203, title I, §164, July 21, 2010, 124 Stat. 1423.)
REFERENCES IN TEXTThe Depository Institution Management Interlocks Act, referred to in text, is title II of Pub. L. 95–630, Nov. 10, 1978, 92 Stat. 3672, which is classified principally to chapter 33 (§3201 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under section 3201 of this title and Tables.
1 So in original. Probably should be "Institution".
2 So in original. There is no section 7 of such Act.
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