§ 3202. Dual service of management official as management official of unaffiliated institution or holding company in same area, town, or village prohibited
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A management official of a depository institution or a depository holding company may not serve as a management official of any other depository institution or depository holding company not affiliated therewith if an office of one of the institutions or any depository institution that is an affiliate of such institutions is located within either—
(1)the same primary metropolitan statistical area, the same metropolitan statistical area, or the same consolidated metropolitan statistical area that is not comprised of designated primary metropolitan statistical areas as defined by the Office of Management and Budget, except in the case of depository institutions with less than $50,000,000 in assets in which case the provision of paragraph
(2)shall apply, as that in which an office of the other institution or any depository institution that is an affiliate of such other institution is located, or
(2)the same city, town, or village as that in which an office of the other institution or any depository institution that is an affiliate of such other institution is located, or in any city, town, or village contiguous or adjacent thereto.
(Pub. L. 95–630, title II, § 203, Nov. 10, 1978, 92 Stat. 3673; Pub. L. 98–181, title I [title VII, § 701(c)], Nov. 30, 1983, 97 Stat. 1267; Pub. L. 109–351, title VI, § 610, Oct. 13, 2006, 120 Stat. 1984.)
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U.S. Code
statutes-at-large
- Public Law 98–181Making supplemental appropriations for the fiscal year ending September 30, 1984, and for other purposes
- Public Law 95–630To extend the authority for the flexible regulation of Interest rates on deposits and accounts in depository institutions
- Public Law 109–351To provide regulatory relief and improve productivity for insured depository institutions, and for other purposes
- Public Law 97–110To clarify the treatment of international banking facility deposits for purposes of deposit insurance assessments and to remove certain limitations on the mortgage loan purchase authority of the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association
- Public Law 100–650To amend the Depository Institution Management Interlocks Act to revise the manner in which the service of directors of depository institutions and depository holding companies are regulated, and for other purposes
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- Pub. L. 95–630, title II, § 203
- 92 Stat. 3673
- Pub. L. 98–181, title I
- 97 Stat. 1267
- Pub. L. 109–351, title VI, § 610
- 120 Stat. 1984
- Pub. L. 109–351
- Pub. L. 98–181
- section 2101 of Pub. L. 95–630
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cites case law
§ 3202
Dual service of management official as management official of unaffiliated institution or holding company in same area, town, or village prohibited
Stat.×5
Bills×3
Fed. Reg.×3
U.S.C.×2
Pub. L.Pub. L. 95–630, title II, § 203
Stat.92 Stat. 3673
Pub. L.Pub. L. 98–181, title I
Stat.97 Stat. 1267
Pub. L.Pub. L. 109–351, title VI, § 610
Cites 10 · showing 6Cited by 13 across 4 sources