Sec. 164. PROHIBITION AGAINST MANAGEMENT INTERLOCKS BETWEEN CERTAIN FINANCIAL COMPANIES

132 words·~1 min read·/statute-compilations/comps-9515/sec-164

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

## SEC. 164 PROHIBITION AGAINST MANAGEMENT INTERLOCKS BETWEEN CERTAIN FINANCIAL COMPANIES **[**[12 U.S.C. 5364](/us/usc/t12/s5364)**]** A nonbank financial company supervised by the Board of Governors shall be treated as a bank holding company for purposes of the Depository Institutions Management Interlocks Act (12 U.S.C. 3201 et seq.), except that the Board of Governors shall not exercise the authority provided in section 7 of that Act (12 U.S.C. 3207) to permit service by a management official of a nonbank financial company supervised by the Board of Governors as a management official of any bank holding company with total consolidated assets equal to or greater than $250,000,000,000, or other nonaffiliated nonbank financial company supervised by the Board of Governors (other than to provide a temporary exemption for interlocks resulting from a merger, acquisition, or consolidation).

Connectionstraces to 3

Traces to 3 documents

U.S. Code

Citation graph

cites case law

Sec. 164

PROHIBITION AGAINST MANAGEMENT INTERLOCKS BETWEEN CERTAIN FINANCIAL COMPANIES

U.S.C.§ 5364

U.S.C.§ 3201

U.S.C.§ 3207

Cites 3Cited by 0 across 0 sources