2017 US Code
Title 12 - Banks and Banking
Chapter 2 - National Banks
Subchapter XV - Conversion of National Banks Into State Banks
Sec. 214 - Definitions
12 U.S.C. § 214 (2017) |
§214. Definitions |
(a) As used in this subchapter and section 321 of this title the term "State bank" means any bank, banking association, trust company, savings bank (other than a mutual savings bank), or other banking institution which is engaged in the business of receiving deposits and which is incorporated under the laws of any State, any Territory of the United States, Puerto Rico, or the Virgin Islands, or which is operating under the Code of Law for the District of Columbia. (b) For purposes of merger or consolidation under this subchapter and section 321 of this title the term "national banking association" means one or more national banking associations, and the term "State bank" means one or more State banks. |
(Aug. 17, 1950, ch. 729, §1, 64 Stat. 455; Sept. 3, 1954, ch. 1263, §24, 68 Stat. 1234; Pub. L. 109–351, title VII, §725(f), Oct. 13, 2006, 120 Stat. 2002; Pub. L. 109–356, title I, §123(f), Oct. 16, 2006, 120 Stat. 2029.) |
AMENDMENTS
2006—Subsec. (a). Pub. L. 109–351 and 109–356 amended subsec. (a) identically, striking out "(except a national banking association)" before period at end. 1954—Act Sept. 3, 1954, substituted "this subchapter and section 321 of this title" for "sections 214 to 214c, 264(e)(2), (i)(2), (v)(4), and 321 of this title" wherever appearing. SEPARABILITYAct Aug. 17, 1950, ch. 729, §9, 64 Stat. 458, provided that: "If any provision of this Act [enacting this subchapter and amending of sections 264 and 321 of this title], or the application thereof to any person or circumstance, is held invalid, the remainder of the Act and the application of such provision to other persons or circumstances shall not be affected thereby." |
United States Code, 2012 Edition, Supplement 5, Title 12 - BANKS AND BANKING |
Bills and Statutes |
United States Code |
Y 1.2/5: |
Title 12 - BANKS AND BANKING CHAPTER 2 - NATIONAL BANKS SUBCHAPTER XV - CONVERSION OF NATIONAL BANKS INTO STATE BANKS Sec. 214 - Definitions |
section 214 |
2017 |
January 12, 2018 |
No |
standard |
64 Stat. 455, 458 68 Stat. 1234 120 Stat. 2002, 2029 |
Public Law 109-351, Public Law 109-356 |