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Code · U.S. Code · Title 12 - BANKS AND BANKING · CHAPTER 53— WALL STREET REFORM AND CONSUMER PROTECTION · SUBCHAPTER I— FINANCIAL STABILITY · § 5364

§ 5364. Prohibition against management interlocks between certain financial companies

300 words·~1 min read·/usc/title-12/section-5364

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A nonbank financial company supervised by the Board of Governors shall be treated as a bank holding company for purposes of the Depository Institutions 1 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 2 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).
(Pub. L. 111–203, title I, § 164, July 21, 2010, 124 Stat. 1423; Pub. L. 115–174, title IV, § 401(c)(1)(F), May 24, 2018, 132 Stat. 1358.)
Connections38 cite this · traces to 4
Cited by 38 sections
bill
7 references not yet in our index
  • 1
  • 2
  • Pub. L. 111–203, title I, § 164
  • 124 Stat. 1423
  • 132 Stat. 1358
  • Pub. L. 95–630
  • 92 Stat. 3672
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§ 5364
Prohibition against management interlocks between certain financial companies
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Pub. L.Pub. L. 111–203, title I, § 164
Stat.124 Stat. 1423
Stat.132 Stat. 1358
Cites 11 · showing 9Cited by 38 across 4 sources
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