2017 US Code
Title 12 - Banks and Banking
Chapter 2 - National Banks
Subchapter XV - Conversion of National Banks Into State Banks
Sec. 214c - Conversions in contravention of State law
| 12 U.S.C. § 214c (2017) |
| §214c. Conversions in contravention of State law |
|
No conversion of a national banking association into a State bank or its merger or consolidation with a State bank shall take place under this subchapter and section 321 of this title in contravention of the law of the State in which the national banking association is located; and no such conversion, merger, or consolidation shall take place under said sections unless under the law of the State in which such national banking association is located State banks may without approval by any State authority convert into and merge or consolidate with national banking associations under limitations or conditions no more restrictive than those contained in section 214a of this title with respect to the conversion of a national bank into, or merger or consolidation of a national bank with, a State bank under State charter. |
|
(Aug. 17, 1950, ch. 729, §4, 64 Stat. 456; July 12, 1952, ch. 696, 66 Stat. 590; Sept. 3, 1954, ch. 1263, §25, 68 Stat. 1235.) |
|
AMENDMENTS
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". 1952—Act July 12, 1952, amended section so that the limitation of this section beyond which State law cannot go will be measured by the standard set out in section 214a of this title for National-to-State conversions. |
| 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. 214c - Conversions in contravention of State law |
| section 214c |
| 2017 |
| January 12, 2018 |
| No |
| standard |
| 64 Stat. 456 66 Stat. 590 68 Stat. 1235 |
