12 CFR 238.99
§ 238.99 Interlocking relationships permitted pursuant to Federal Deposit Insurance Act.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 238.99, § 238.99 Interlocking relationships permitted pursuant to Federal Deposit Insurance Act, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/45080
- Permanent ID
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Full text
A management official or prospective management official of a depository organization may enter into an otherwise prohibited interlocking relationship with another depository organization for a period of up to 10 years if such relationship is approved by the Federal Deposit Insurance Corporation pursuant to section 13(k)(1)(A)(v) of the Federal Deposit Insurance Act, as amended (12 U.S.C. 1823(k)(1)(A)(v)).
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.