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2020 U.S. Code
Title 12 - Banks and Banking
Chapter 2 - National Banks
Subchapter XV - Conversion of National Banks Into State Banks
Sec. 214d - Prohibition on conversion
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| 12 U.S.C. § 214d (2020) |
| §214d. Prohibition on conversion |
|
A national banking association may not convert to a State bank or State savings association during any period in which the national banking association is subject to a cease and desist order (or other formal enforcement order) issued by, or a memorandum of understanding entered into with, the Comptroller of the Currency with respect to a significant supervisory matter. |
|
(Aug. 17, 1950, ch. 729, §10, as added Pub. L. 111–203, title VI, §612(a), July 21, 2010, 124 Stat. 1612.) |
| STATUTORY NOTES AND RELATED SUBSIDIARIES
EFFECTIVE DATE
Section effective 1 day after July 21, 2010, except as otherwise provided, see section 4 of Pub. L. 111–203, set out as a note under section 5301 of this title. |
| United States Code, 2018 Edition, Supplement 2, 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. 214d - Prohibition on conversion |
| section 214d |
| 2020 |
| January 13, 2021 |
| No |
| standard |
| 124 Stat. 1612 |
| Public Law 111-203 |
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