2016 US Code
Title 12 - Banks and Banking
Chapter 17 - Bank Holding Companies
Sec. 1846 - Reservation of rights to States
| 12 U.S.C. § 1846 (2016) |
| §1846. Reservation of rights to States |
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(a) In general
No provision of this chapter shall be construed as preventing any State from exercising such powers and jurisdiction which it now has or may hereafter have with respect to companies, banks, bank holding companies, and subsidiaries thereof. (b) State taxation authority not affectedNo provision of this chapter shall be construed as affecting the authority of any State or political subdivision of any State to adopt, apply, or administer any tax or method of taxation to any bank, bank holding company, or foreign bank, or any affiliate of any bank, bank holding company, or foreign bank, to the extent that such tax or tax method is otherwise permissible by or under the Constitution of the United States or other Federal law. |
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(May 9, 1956, ch. 240, §7, 70 Stat. 138; Pub. L. 100–86, title I, §101(f), Aug. 10, 1987, 101 Stat. 563; Pub. L. 103–328, title I, §101(b), Sept. 29, 1994, 108 Stat. 2341.) |
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AMENDMENTS
1994—Pub. L. 103–328 designated existing provisions as subsec. (a), inserted heading, and added subsec. (b). 1987—Pub. L. 100–86 substituted "No provision of this chapter shall" for "The enactment by the Congress of this chapter shall not" and inserted "companies," before "banks,". EFFECTIVE DATE OF 1994 AMENDMENTAmendment by Pub. L. 103–328 effective at end of 1-year period beginning on Sept. 29, 1994, see section 101(e) of Pub. L. 103–328, set out as a note under section 1828 of this title. |
| United States Code, 2012 Edition, Supplement 4, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 17 - BANK HOLDING COMPANIES Sec. 1846 - Reservation of rights to States |
| section 1846 |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 70 Stat. 138 101 Stat. 563 108 Stat. 2341 |
| Public Law 100-86, Public Law 103-328 |
