12 U.S.C. § 214d
Prohibition on conversion
United States · Title 12 — BANKS AND BANKING · Status: effective
Cite this
- Citation
- 12 U.S.C. § 214d, Prohibition on conversion, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/437211
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Full text
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.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- Dodd-Frank Wall Street Reform and Consumer Protection Act