Editorial Notes
Amendments

2006—Subsec. (b). Pub. L. 109–351, § 602(b)(3)(A), inserted “as permissible under subsection (c), (d), or (e) or” after “Except” in introductory provisions.

Subsec. (c). Pub. L. 109–351, § 602(b)(3)(B), inserted “or State savings association” after “State bank” wherever appearing.

Subsec. (d). Pub. L. 109–351, § 602(b)(3)(C), inserted “or Federal savings association” after “national bank” wherever appearing.

Subsec. (e). Pub. L. 109–351, § 602(b)(3)(D), inserted heading and amended text generally. Prior to amendment, text read as follows: “A bank service company that has both national bank and State bank shareholders or members shall perform only those services that may lawfully be performed by both any shareholder or member of the company which is a national bank under the law of the United States and any shareholder or member of the company which is a State bank under the law of the State in which any such State bank operate and shall perform such services only at locations in the State at which both its State bank and national bank shareholders or members could be authorized to perform such services.”

Subsec. (f). Pub. L. 109–351, § 602(b)(3)(E), inserted “or savings associations” after “location of banks”.

1999—Subsec. (f). Pub. L. 106–102 inserted before period at end “as of the day before November 12, 1999”.

1996—Pub. L. 104–208, § 2613(e)(5), substituted “company” for “corporation” in section catchline.

Subsec. (a). Pub. L. 104–208, § 2613(e)(1), substituted “company” for “corporation” in two places.

Subsec. (b). Pub. L. 104–208, § 2613(e)(1), (2), inserted “or members” after “shareholders” wherever appearing in text and substituted “company” for “corporation” in two places.

Subsecs. (c), (d). Pub. L. 104–208, § 2613(e)(1), (3), inserted “or member” after “shareholder” wherever appearing and substituted “company” for “corporation”.

Subsec. (e). Pub. L. 104–208, § 2613(e)(1), (4), substituted “company” for “corporation”, “any shareholder or member of the company which is a national bank” for “its national bank shareholder or shareholders”, “any shareholder or member of the company which is a State bank” for “its State bank shareholder or shareholders”, and “any such State bank” for “such State bank or banks”, and inserted “or members” after “national bank and State bank shareholders” and after “State bank and national bank shareholders”.

Subsec. (f). Pub. L. 104–208, § 2613(e)(1), substituted “company” for “corporation”.

1983—Subsecs. (d), (e). Pub. L. 97–457 substituted “under the law of the United States” for “under this chapter”.

1982—Pub. L. 97–320 substituted provisions relating to bank service corporation activities for other persons for provisions which read: “No bank service corporation may engage in any activity other than the performance of bank services for banks.”

Statutory Notes and Related Subsidiaries
Effective Date of 1999 Amendment

Amendment by Pub. L. 106–102 effective 120 days after Nov. 12, 1999, see section 161 of Pub. L. 106–102, set out as a note under section 24 of this title.