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§ 3203. —  Dual service of management official of $2,500,000,000 institution or holding company as management official of unaffiliated $1,500,000,000 institution or holding company prohibited.



[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
  January 24, 2002 and December 19, 2002]
[CITE: 12USC3203]

 
                       TITLE 12--BANKS AND BANKING
 
        CHAPTER 33--DEPOSITORY INSTITUTION MANAGEMENT INTERLOCKS
 
Sec. 3203. Dual service of management official of $2,500,000,000 
        institution or holding company as management official of 
        unaffiliated $1,500,000,000 institution or holding company 
        prohibited
        
    If a depository institution or a depository holding company has 
total assets exceeding $2,500,000,000, a management official of such 
institution or any affiliate thereof may not serve as a management 
official of any other nonaffiliated depository institution or depository 
holding company having total assets exceeding $1,500,000,000 or as a 
management official of any affiliate of such other institution. In order 
to allow for inflation or market changes, the appropriate Federal 
depository institutions regulatory agencies may, by regulation, adjust, 
as necessary, the amount of total assets required for depository 
institutions or depository holding companies under this section.

(Pub. L. 95-630, title II, Sec. 204, Nov. 10, 1978, 92 Stat. 3673; Pub. 
L. 104-208, div. A, title II, Sec. 2210(a), Sept. 30, 1996, 110 Stat. 
3009-409.)


                               Amendments

    1996--Pub. L. 104-208 substituted ``$2,500,000,000'' for 
``$1,000,000,000'' and ``$1,500,000,000'' for ``$500,000,000'' and 
inserted at end ``In order to allow for inflation or market changes, the 
appropriate Federal depository institutions regulatory agencies may, by 
regulation, adjust, as necessary, the amount of total assets required 
for depository institutions or depository holding companies under this 
section.''

                  Section Referred to in Other Sections

    This section is referred to in sections 3204, 3205, 3207 of this 
title.



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