12 CFR 362.15
§ 362.15 Acquiring or establishing a subsidiary; conducting new activities through a subsidiary.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 362.15, § 362.15 Acquiring or establishing a subsidiary; conducting new activities through a subsidiary, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47041
- Permanent ID
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107673fddb07f55e1f40fad7df32bbf7bc281e34c303073f88f1a3d6f47762cf
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Full text
No state insured savings association may establish or acquire a subsidiary, or conduct any new activity through a subsidiary, unless it files a notice in compliance with § 303.142(c) of this chapter at least 30 days prior to establishment of the subsidiary or commencement of the activity and the FDIC does not object to the notice. This section does not apply to any state savings association that acquired its principal assets from a Federal savings bank that was chartered prior to October 15, 1982, as a savings bank under state law.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.