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12 U.S.C. § 3203

Dual service of management official of $2,500,000,000 institution or holding company as management official of unaffiliated $1,500,000,000 institution or holding company prohibited

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

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12 U.S.C. § 3203, Dual service of management official of $2,500,000,000 institution or holding company as management official of unaffiliated $1,500,000,000 institution or holding company prohibited, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438489
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If a depository institution or a depository holding company has total assets exceeding $2,500,000,000, a management official of such institution or any affiliate thereof may not serve as a management official of any other nonaffiliated depository institution or depository holding company having total assets exceeding $1,500,000,000 or as a management official of any affiliate of such other institution. In order to allow for inflation or market changes, the appropriate Federal depository institutions regulatory agencies may, by regulation, adjust, as necessary, the amount of total assets required for depository institutions or depository holding companies under this section.

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. 95-630(H.R. 14279)1978-11-10
    Financial Institutions Regulatory and Interest Rate Control Act of 1978
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 104-208(H.R. 3610)1996-09-30
    Omnibus Consolidated Appropriations Act, 1997