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12 U.S.C. § 215a–2

Expedited procedures for certain reorganizations

United States · Title 12 — BANKS AND BANKING · Status: effective

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12 U.S.C. § 215a–2, Expedited procedures for certain reorganizations, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/437216
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A national bank may, with the approval of the Comptroller, pursuant to rules and regulations promulgated by the Comptroller, and upon the affirmative vote of the shareholders of such bank owning at least two-thirds of its capital stock outstanding, reorganize so as to become a subsidiary of a bank holding company or of a company that will, upon consummation of such reorganization, become a bank holding company. A reorganization authorized under subsection (a) shall be carried out in accordance with a reorganization plan that— specifies— If, pursuant to this section, a reorganization plan has been approved by the shareholders and the Comptroller, any shareholder of the bank who has voted against the reorganization at the meeting referred to in subsection (b)(4), or has given notice in writing at or prior to that meeting to the presiding officer that the shareholder dissents from the reorganization plan, shall be entitled to receive the value of his or her shares, as provided by section 215a of this title for the merger of a national bank. The corporate existence of a national bank that reorganizes in accordance with this section shall not be deemed to have been affected in any way by reason of such reorganization. This section does not affect in any way the applicability of the Bank Holding Company Act of 1956 [12 U.S.C. 1841 et seq.] to a transaction described in subsection (a).

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.

  • Enacted byPub. L. 106-569(H.R. 5640)2000-12-27
    American Homeownership and Economic Opportunity Act of 2000
    House: no recorded tallySenate: no recorded tally