Source: https://www.law.cornell.edu/uscode/text/12/1831u?quicktabs_8=1
Timestamp: 2015-11-29 17:35:55
Document Index: 220143598

Matched Legal Cases: ['§ 1831', '§\u202f1831', '§\u202f2', '§\u202f102', '§\u202f731', '§\u202f504', '§\u202f563', '§\u202f607', '§\u202f563', '§\u202f563', '§\u202f563', '§\u202f563', '§\u202f563', '§\u202f563', '§\u202f563', '§\u202f563', '§\u202f607', '§\u202f563', '§\u202f504', 'art 345']

12 U.S. Code § 1831u - Interstate bank mergers | US Law | LII / Legal Information Institute
§ 1831u.
Interstate bank mergers
(A) In generalNotwithstanding paragraph (1), a merger transaction may not be approved pursuant to paragraph (1) if the transaction involves a bank the home State of which has enacted a law after September 29, 1994, and before June 1, 1997, that—
(A) In generalA merger transaction may be approved pursuant to paragraph (1) before June 1, 1997, if the home State of each bank involved in the transaction has in effect, as of the date of the approval of such transaction, a law that—
(B) Certain conditions allowedA host State may impose conditions on a branch within such State of a bank resulting from an interstate merger transaction if—
(A) In generalAny bank which files an application for an interstate merger transaction shall—
(B) Statewide concentration limits other than with respect to initial entriesThe responsible agency may not approve an application for an interstate merger transaction if—
(D) Exceptions to subparagraph (B)The responsible agency may approve an application for an interstate merger transaction pursuant to subsection (a) without regard to the applicability of subparagraph (B) with respect to any State if—
(3) Community reinvestment complianceIn determining whether to approve an application for an interstate merger transaction in which the resulting bank would have a branch or bank affiliate immediately following the transaction in any State in which the bank submitting the application (as the acquiring bank) had no branch or bank affiliate immediately before the transaction, the responsible agency shall—
(4) Adequacy of capital and management skillsThe responsible agency may approve an application for an interstate merger transaction pursuant to subsection (a) only if—
(2) Applicability of antitrust lawsNo provision of this section shall be construed as affecting—
(3) Reservation of certain rights to StatesNo provision of this section shall be construed as limiting in any way the right of a State to—
(4) State-imposed notice requirementsA host State may impose any notification or reporting requirement on a branch of an out-of-State bank if the requirement—
(3) Certain conditions and commitments continuedIf, as a condition for the acquisition of a bank by an out-of-State bank holding company before September 29, 1994—
(1) In generalIn the case of any State that has a constitutional provision that sets a maximum lawful annual percentage rate of interest on any contract at not more than 5 percent above the discount rate for 90-day commercial paper in effect at the Federal reserve bank for the Federal reserve district in which such State is located, except as provided in paragraph (2), upon the establishment in such State of a branch of any out-of-State insured depository institution in such State under this section, the maximum interest rate or amount of interest, discount points, finance charges, or other similar charges that may be charged, taken, received, or reserved (or in the case of a governmental entity located in such State, paid) from time to time in any loan or discount made or upon any note, bill of exchange, financing transaction, or other evidence of debt by—
(A) any insured depository institution whose home State is such State shall be equal to not more than the greater of—
(B) any governmental entity located in such State or any person that is not a depository institution described in subparagraph (A) doing business in such State, shall be equal to not more than the greater of the State’s maximum lawful annual percentage rate or 17 percent—
(i) to facilitate the uniform implementation of federally mandated or federally established programs and financings related thereto, including—
uniform accessibility of student loans, including the issuance of qualified student loan bonds as set forth in section 144(b) of title 26;
(III) the uniform accessibility of safe and affordable housing programs administered or subject to review by the Department of Housing and Urban Development, including—
(A) In generalNo provision of this subsection shall be construed as superseding or affecting—
(g) DefinitionsFor purposes of this section, the following definitions shall apply:
(4) Home StateThe term “home State”—
with respect to a bank holding company, has the same meaning as in section 1841(o)(4) of this title.
The term “interstate merger transaction” means any merger transaction approved pursuant to subsection (a)(1).
The term “merger transaction” has the meaning determined under section 1828(c)(3) of this title.
The term “responsible agency” means the agency determined in accordance with section 1828(c)(2) of this title with respect to a merger transaction.
(Sept. 21, 1950, ch. 967, § 2[44], as added Pub. L. 103–328, title I, § 102(a), Sept. 29, 1994, 108 Stat. 2343; amended Pub. L. 106–102, title VII, § 731, Nov. 12, 1999, 113 Stat. 1477; Pub. L. 111–32, title V, § 504(a), June 24, 2009, 123 Stat. 1880; Pub. L. 111–83, title V, § 563(a), (b), Oct. 28, 2009, 123 Stat. 2183; Pub. L. 111–203, title VI, § 607(b), July 21, 2010, 124 Stat. 1608.)
2010—Subsec. (b)(4)(B). Pub. L. 111–203 substituted “will be well capitalized and well managed” for “will continue to be adequately capitalized and adequately managed”.
2009—Subsec. (f)(1). Pub. L. 111–83, § 563(a)(1), inserted “(or in the case of a governmental entity located in such State, paid)” after “received, or reserved” in introductory provisions.
Pub. L. 111–32 substituted “evidence of debt by—” for “evidence of debt by”, inserted subpar. (A) designation, redesignated former subpars. (A) and (B) as cls. (i) and (ii), respectively, realigned margins, and added subpar. (B).
Subsec. (f)(1)(B). Pub. L. 111–83, § 563(a)(2)(A), substituted “governmental entity located in such State or any person that is not a depository institution described in subparagraph (A) doing business in such State” for “nondepository institution operating in such State” in introductory provisions.
Subsec. (f)(1)(B)(i)(III)(aa). Pub. L. 111–83, § 563(a)(2)(C)(i)(I), inserted “and” at end.
Subsec. (f)(1)(B)(i)(III)(bb). Pub. L. 111–83, § 563(a)(2)(C)(i)(II), struck out “, to facilitate the uniform accessibility of provisions of the American Recovery and Reinvestment Act of 2009” after “section 42 of such title”.
Subsec. (f)(1)(B)(i)(III)(cc). Pub. L. 111–83, § 563(a)(2)(C)(i)(III), struck out item (cc), which read as follows: “the issuance of bonds and obligations issued under that Act, to facilitate economic development, higher education, and improvements to infrastructure, and the issuance of bonds and obligations issued under any provision of law to further the same; and”.
Subsec. (f)(1)(B)(i)(IV). Pub. L. 111–83, § 563(a)(2)(C)(ii), added subcl. (IV).
Subsec. (f)(1)(B)(ii), (iii). Pub. L. 111–83, § 563(a)(2)(B), (D), added cl. (ii) and redesignated former cl. (ii) as (iii).
Subsec. (f)(2). Pub. L. 111–83, § 563(b), designated existing provisions as subpar. (A), inserted heading, redesignated former subpars. (A) and (B) as cls. (i) and (ii), respectively, of subpar. (A), realigned margins, and added subpar. (B).
1999—Subsecs. (f), (g). Pub. L. 106–102 added subsec. (f) and redesignated former subsec. (f) as (g).
Pub. L. 111–203, title VI, § 607(c), July 21, 2010, 124 Stat. 1608, provided that: “The amendments made by this section [amending this section and section 1842 of this title] shall take effect on the transfer date.”
[For definition of “transfer date” as used in section 607(c) of Pub. L. 111–203, set out above, see section 5301 of this title.]
Pub. L. 111–83, title V, § 563(c), Oct. 28, 2009, 123 Stat. 2184, provided that: “The amendments made by this section [amending this section] shall apply with respect to contracts consummated during the period beginning on the date of enactment of this Act [Oct. 28, 2009] and ending on December 31, 2010.”
Pub. L. 111–32, title V, § 504(b), June 24, 2009, 123 Stat. 1880, provided that: “The amendments made by subsection (a) [amending this section] shall apply with respect to contracts consummated during the period beginning on the date of enactment of this Act [June 24, 2009] and ending on December 31, 2010.”
This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.12 CFR - Banks and Banking12 CFR Part 345 - COMMUNITY REINVESTMENT