12 U.S.C. § 2265a
Removal and prohibition authority; industry-wide prohibition
United States · Title 12 — BANKS AND BANKING · Status: effective
Cite this
- Citation
- 12 U.S.C. § 2265a, Removal and prohibition authority; industry-wide prohibition, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438271
- Permanent ID
ys:prov:438271@1- SHA-256
3b31b10279eac7a8dea90c72c7b4bed986d85b124fe056ab65edebfd279deaa1
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Full text
In this section, the term “person” means—
Except as provided in subsection (c), any person who, pursuant to an order issued under section 2264 or 2265 of this title, has been removed or suspended from office at a System institution or prohibited from participating in the conduct of the affairs of a System institution shall not, during the period of effectiveness of the order, continue or commence to hold any office in, or participate in any manner in the conduct of the affairs of—
If, on or after the date on which an order described in subsection (b) is issued that removes or suspends an institution-affiliated party from office at a System institution or prohibits an institution-affiliated party from participating in the conduct of the affairs of a System institution, that party receives written consent described in subparagraph (B), subsection (b) shall not apply to that party—
The written consent referred to in subparagraph (A) is written consent received from—
Any agency described in clause (i) or (ii) of paragraph (1)(B) that provides a written consent under that paragraph shall—
The agencies described in clauses (i) and (ii) of paragraph (1)(B) shall consult with each other before providing any written consent under that paragraph.
A violation of subsection (b) by any person who is subject to an order described in that subsection shall be treated as violation 22 So in original. Probably should be preceded by “a”. of that order.
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. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.
- Agriculture Improvement Act of 2018