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12 U.S.C. 214d: Prohibition on conversionText contains those laws in effect through Public Law 119-120 (October 7, 2026).
From Title 12-BANKS AND BANKINGCHAPTER 2-NATIONAL BANKS
Jump To: Source CreditStatutory Notes and Related SubsidiariesEffective Date

§214d. Prohibition on conversion

A national banking association may not convert to a State bank or State savings association during any period in which the national banking association is subject to a cease and desist order (or other formal enforcement order) issued by, or a memorandum of understanding entered into with, the Comptroller of the Currency with respect to a significant supervisory matter.

( Aug. 17, 1950, ch. 729, § 10 , as added Pub. L. 111–203, title VI, § 612(a) , July 21, 2010 , 124 Stat. 1612 .)

Statutory Notes and Related Subsidiaries

Effective Date

Section effective 1 day after July 21, 2010, except as otherwise provided, see section 4 of Pub. L. 111–203, set out as a note under section 5301 of this title.