§ 362.15 Acquiring or establishing a subsidiary; conducting new activities through a subsidiary.
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Title 12 CFR: Banks and Banking › Chapter III: FEDERAL DEPOSIT INSURANCE CORPORATION › Part 362: ACTIVITIES OF INSURED STATE BANKS AND INSURED SAVINGS ASSOCIATIONS › Subpart D: Acquiring, Establishing, or Conducting New Activities Through a Subsidiary by an Insured Savings Association › § 362.15: § 362.15 Acquiring or establishing a subsidiary; conducting new activities through a subsidiary.
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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.
[86 FR 8104, Feb. 3, 2021]
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