12 USC 1814 - Insured depository institutions

U.S Code last checked for updates: May 19, 2024

§ 1814.

Insured depository institutions

(a)

Continuation of insurance

(1)

Banks

(2)

Savings associations

(b)

Continuation of insurance upon becoming a member bank

(c)

Continuation of insurance after conversion

Subject to section 1815(d) of this title and section 1464(i)(5) of this title—

(1)

any State depository institution which results from the conversion of any insured Federal depository institution; and

(2)

any Federal depository institution which results from the conversion of any insured State or Federal depository institution,

shall continue as an insured depository institution.

(d)

Continuation of insurance after merger or consolidation

(Sept. 21, 1950, ch. 967, § 2[4], 64 Stat. 875; Pub. L. 97–320, title I, § 113(c), Oct. 15, 1982, 96 Stat. 1473; Pub. L. 101–73, title II, §§ 201(a), 205, Aug. 9, 1989, 103 Stat. 187, 194; Pub. L. 102–242, title I, § 115(b), Dec. 19, 1991, 105 Stat. 2249; Pub. L. 102–550, title XVI, § 1603(b)(6), Oct. 28, 1992, 106 Stat. 4079; Pub. L. 109–351, title VI, § 608(b), Oct. 13, 2006, 120 Stat. 1983.)

cite as: 12 USC 1814