12 U.S.C. § 215a-1 — Interstate consolidations and mergers

(a) In general A national bank may engage in a consolidation or merger under this subchapter with an out-of-State bank if the consolidation or merger is approved pursuant to section 1831u of this title . (b) Scope of application Subsection (a) shall not apply with respect to any consolidation or merger before June 1, 1997 , unless the home State of each bank involved in the transaction has in effect a law described in section 1831u(a)(3) of this title . (c) Definitions The terms “ home State ” and “ out-of-State bank ” have the same meaning as in section 1831u(f) [1] of this title. (Nov. 7, 1918, ch. 209, § 4, as added Pub. L. 103–328, title I, § 102(b)(4)(D) , Sept. 29, 1994 , 108 Stat. 2351 .) [1] See References in Text note below. Editorial Notes References in Text Section 1831u of this title , referred to in subsec. (c), was subsequently amended, and subsec. (f) of section 1831u no longer defines the terms “home State” and “out-of-State bank” . However, such terms are defined elsewhere in that section. CFR Title Parts 12 5

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