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Mutual bank holding company

1 rule0 of 2 subsections

(1) Establishment

(1)Establishment#

Notwithstanding any provision of Federal law other than this chapter, a savings bank or cooperative bank operating in mutual form may reorganize so as to form a holding company.

(2)Regulations#

A bank holding company organized as a mutual holding company shall be regulated on terms, and shall be subject to limitations, comparable to those applicable to any other bank holding company.

in view

Whole section

Encodings · 1

mutual_bank_holding_company_reorganization_authorized12 USC § 1842 (g) · derived

12 USC 1842(g)

name: mutual_bank_holding_company_reorganization_authorized
kind: derived
entity: Business
dtype: Judgment
period: Year
source: 12 USC 1842(g)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: predicate
        source:
          corpus_citation_path: us/statute/12/1842
versions:
  - effective_from: '0001-01-01'
    formula: |-
      business_is_savings_bank_or_cooperative_bank
      and business_operates_in_mutual_form
      and reorganization_forms_holding_company

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statutes/12/1842.yaml

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Rules

voting_share_prior_approval_threshold

Parameter

source: 12 USC 1842(a)

- name: voting_share_prior_approval_threshold
  kind: parameter
  dtype: Rate
  source: 12 USC 1842(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1842
            excerpt: more than 5 per centum of the voting shares
  versions:
    - effective_from: '0001-01-01'
      formula: '0.05'

debt_collection_share_disposition_period_years

Parameter

source: 12 USC 1842(a)

- name: debt_collection_share_disposition_period_years
  kind: parameter
  dtype: Count
  source: 12 USC 1842(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1842
            excerpt: disposed of within a period of two years
  versions:
    - effective_from: '0001-01-01'
      formula: '2'

board_extension_period_limit_years

Parameter

source: 12 USC 1842(a)

- name: board_extension_period_limit_years
  kind: parameter
  dtype: Count
  source: 12 USC 1842(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1842
            excerpt: for not more than one year at a time
  versions:
    - effective_from: '0001-01-01'
      formula: '1'

aggregate_extension_limit_years

Parameter

source: 12 USC 1842(a)

- name: aggregate_extension_limit_years
  kind: parameter
  dtype: Count
  source: 12 USC 1842(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1842
            excerpt: no such extension shall in the aggregate exceed three years
  versions:
    - effective_from: '0001-01-01'
      formula: '3'

post_acquisition_retention_application_period_days

Parameter

source: 12 USC 1842(a)

- name: post_acquisition_retention_application_period_days
  kind: parameter
  dtype: Count
  source: 12 USC 1842(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1842
            excerpt: application filed within ninety days after the shares are acquired
  versions:
    - effective_from: '0001-01-01'
      formula: '90'

supervisory_views_submission_period_days

Parameter

source: 12 USC 1842(b)

- name: supervisory_views_submission_period_days
  kind: parameter
  dtype: Count
  source: 12 USC 1842(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1842
            excerpt: within thirty calendar days of the date on which notice is given
  versions:
    - effective_from: '0001-01-01'
      formula: '30'

emergency_views_submission_period_days

Parameter

source: 12 USC 1842(b)

- name: emergency_views_submission_period_days
  kind: parameter
  dtype: Count
  source: 12 USC 1842(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1842
            excerpt: >-
              within ten calendar days of such date if the Board advises ... that an emergency
              exists
  versions:
    - effective_from: '0001-01-01'
      formula: '10'

hearing_notice_after_disapproval_period_days

Parameter

source: 12 USC 1842(b)

- name: hearing_notice_after_disapproval_period_days
  kind: parameter
  dtype: Count
  source: 12 USC 1842(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1842
            excerpt: Within three days after giving such notice to the applicant
  versions:
    - effective_from: '0001-01-01'
      formula: '3'

hearing_commencement_minimum_days

Parameter

source: 12 USC 1842(b)

- name: hearing_commencement_minimum_days
  kind: parameter
  dtype: Count
  source: 12 USC 1842(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1842
            excerpt: commenced not less than ten nor more than thirty days
  versions:
    - effective_from: '0001-01-01'
      formula: '10'

hearing_commencement_maximum_days

Parameter

source: 12 USC 1842(b)

- name: hearing_commencement_maximum_days
  kind: parameter
  dtype: Count
  source: 12 USC 1842(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1842
            excerpt: commenced not less than ten nor more than thirty days
  versions:
    - effective_from: '0001-01-01'
      formula: '30'

deemed_grant_action_period_days

Parameter

source: 12 USC 1842(b)

- name: deemed_grant_action_period_days
  kind: parameter
  dtype: Count
  source: 12 USC 1842(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1842
            excerpt: within the ninety-one-day period
  versions:
    - effective_from: '0001-01-01'
      formula: '91'

anticompetitive_effects_public_interest_override_required

Derived

source: 12 USC 1842(c)

- name: anticompetitive_effects_public_interest_override_required
  kind: derived
  entity: Business
  dtype: Judgment
  period: Year
  source: 12 USC 1842(c)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: predicate
          source:
            corpus_citation_path: us/statute/12/1842
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        proposed_transaction_may_substantially_lessen_competition
        or proposed_transaction_may_tend_to_create_monopoly
        or proposed_transaction_would_otherwise_restrain_trade

bank_stock_loan_maturity_safe_harbor_years

Parameter

source: 12 USC 1842(c)

- name: bank_stock_loan_maturity_safe_harbor_years
  kind: parameter
  dtype: Count
  source: 12 USC 1842(c)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1842
            excerpt: a bank stock loan which is for a period of not more than twenty-five years
  versions:
    - effective_from: '0001-01-01'
      formula: '25'

bank_stock_loan_case_by_case_maturity_years

Parameter

source: 12 USC 1842(c)

- name: bank_stock_loan_case_by_case_maturity_years
  kind: parameter
  dtype: Count
  source: 12 USC 1842(c)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1842
            excerpt: having a maturity of twelve years or more on a case by case basis
  versions:
    - effective_from: '0001-01-01'
      formula: '12'

host_state_age_law_federal_override_years

Parameter

source: 12 USC 1842(d)

- name: host_state_age_law_federal_override_years
  kind: parameter
  dtype: Count
  source: 12 USC 1842(d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1842
            excerpt: in existence for at least 5 years
  versions:
    - effective_from: '0001-01-01'
      formula: '5'

nationwide_deposit_concentration_limit

Parameter

source: 12 USC 1842(d)

- name: nationwide_deposit_concentration_limit
  kind: parameter
  dtype: Rate
  source: 12 USC 1842(d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1842
            excerpt: more than 10 percent of the total amount of deposits
  versions:
    - effective_from: '0001-01-01'
      formula: '0.10'

statewide_deposit_concentration_limit

Parameter

source: 12 USC 1842(d)

- name: statewide_deposit_concentration_limit
  kind: parameter
  dtype: Rate
  source: 12 USC 1842(d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1842
            excerpt: would control 30 percent or more of the total amount of deposits
  versions:
    - effective_from: '0001-01-01'
      formula: '0.30'

insured_depository_institution_status_required

Derived

source: 12 USC 1842(e)

- name: insured_depository_institution_status_required
  kind: derived
  entity: Business
  dtype: Judgment
  period: Year
  source: 12 USC 1842(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: predicate
          source:
            corpus_citation_path: us/statute/12/1842
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        business_is_bank_holding_company
        or business_is_bank_subsidiary_of_bank_holding_company