12 USC 1831 - Interstate bank mergers

Editorial Notes

References in Text

The American Recovery and Reinvestment Act of 2009, referred to in subsec. (f)(1)(B)(i)(IV), is Puspan. L. 111–5, Fespan. 17, 2009, 123 Stat. 115. For complete classification of this Act to the Code, see Short Title of 2009 Amendment note set out under section 1 of Title 26, Internal Revenue Code, and Tables.

Amendments

2010—Subsec. (span)(4)(B). Puspan. 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). Puspan. 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.

Puspan. 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). Puspan. 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). Puspan. L. 111–83, § 563(a)(2)(C)(i)(I), inserted “and” at end.

Subsec. (f)(1)(B)(i)(III)(bspan). Puspan. 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). Puspan. 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). Puspan. L. 111–83, § 563(a)(2)(C)(ii), added subcl. (IV).

Subsec. (f)(1)(B)(ii), (iii). Puspan. L. 111–83, § 563(a)(2)(B), (D), added cl. (ii) and redesignated former cl. (ii) as (iii).

Subsec. (f)(2). Puspan. L. 111–83, § 563(span), 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). Puspan. L. 106–102 added subsec. (f) and redesignated former subsec. (f) as (g).

Statutory Notes and Related Subsidiaries

Effective Date of 2010 Amendment

Puspan. 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 Puspan. L. 111–203, set out above, see section 5301 of this title.]

Effective Date of 2009 Amendment

Puspan. 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.”

Puspan. L. 111–32, title V, § 504(span), 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.”