U.S. Code » Title 12 » Chapter CHAPTER 2— NATIONAL BANKS › Subchapter SUBCHAPTER XVI— CONSOLIDATION AND MERGER

12 U.S.C. § 215b

Definitions

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As used in this subchapter, the term—(1) “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, or which is operating under the Code of Law for the District of Columbia;(2) “State” means the several States and Territories, the Commonwealth of Puerto Rico, the Virgin Islands, and the District of Columbia;(3) “Comptroller” means the Comptroller of the Currency; and(4) “Receiving association” means the national banking association into which one or more national banking associations or one or more State banks, located within the same State, merge.(Nov. 7, 1918, ch. 209, § 7, formerly § 3, as added Pub. L. 86–230, § 20, Sept. 8, 1959, 73 Stat. 465; renumbered § 5, Pub. L. 103–328, title I, § 102(b)(4)(B), Sept. 29, 1994, 108 Stat. 2351; renumbered § 7, Pub. L. 106–569, title XII, § 1204(1), Dec. 27, 2000, 114 Stat. 3033; amended Pub. L. 109–351, title VII, § 725(e), Oct. 13, 2006, 120 Stat. 2002; Pub. L. 109–356, title I, § 123(e), Oct. 16, 2006, 120 Stat. 2029.)Editorial NotesCodification

Provisions similar to those comprising this section were contained in section 5 of act Nov. 7, 1918, ch. 209, as added July 14, 1952, ch. 722, § 1, 66 Stat. 601 (formerly classified to section 34c of this title), prior to the complete amendment and renumbering of act Nov. 7, 1918, by Pub. L. 86–230.

Amendments

2006—Par. (1). Pub. L. 109–351 and 109–356 amended par. (1) identically, striking out “(except a national banking association located in the District of Columbia)” before semicolon at end.

Notes of Decisions
Cited in 1 case, 1981–1981 · leading case: First Fed. Sav. & Loan Ass'n of Puerto Rico v. Hector L. Ruiz De Jesus, 644 F.2d 910 (1st Cir. 1981).
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First Fed. Sav. & Loan Ass'n of Puerto Rico v. Hector L. Ruiz De Jesus, 644 F.2d 910 (1st Cir. 1981). “§ 214 (a) (for purposes of conversion of a national bank into a state bank a bank organized in Puerto Rico is a “State bank”; 12 U.S.C. § 215b(2) (for purposes of consolidation and merger “state” means Puerto Rico); 12 U.”
— 12 U.S.C. § 215b(2) — 1 case
First Fed. Sav. & Loan Ass'n of Puerto Rico v. Hector L. Ruiz De Jesus, 644 F.2d 910 (1st Cir. 1981). “§ 214 (a) (for purposes of conversion of a national bank into a state bank a bank organized in Puerto Rico is a “State bank”; 12 U.S.C. § 215b(2) (for purposes of consolidation and merger “state” means Puerto Rico); 12 U.”
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