{"identifier":"/us/usc/t12/s5364","title":12,"num":"\u00a7\u202f5364.","heading":"Prohibition against management interlocks between certain financial companies","text":"\u00a7\u202f5364.\nProhibition against management interlocks between certain financial companies\nA nonbank financial company supervised by the Board of Governors shall be treated as a bank holding company for purposes of the Depository Institutions\n1\n1 So in original. Probably should be \u201cInstitution\u201d.\n12 U.S.C. 3201\n2\n2 So in original. There is no section 7 of such Act.\n12 U.S.C. 3207","url":"https://projectusc.org/usc/t12/s5364.html","content":[{"t":"sec","id":"/us/usc/t12/s5364","children":[{"t":"num","text":"\u00a7\u202f5364."},{"t":"heading","text":"Prohibition against management interlocks between certain financial companies"},{"t":"content","text":"\n","children":[{"t":"p","text":"A nonbank financial company supervised by the Board of Governors shall be treated as a bank holding company for purposes of the Depository Institutions\u202f","children":[{"t":"ref","text":"1"},{"t":"num","text":"1","tail":"\u202fSo in original. Probably should be \u201cInstitution\u201d."},{"t":"text","text":"\u202fSo in original. Probably should be \u201cInstitution\u201d.","tail":" Management Interlocks Act ("},{"t":"ref","text":"12 U.S.C. 3201","href":"/us/usc/t12/s3201","tail":" et seq.), except that the Board of Governors shall not exercise the authority provided in section 7\u202f"},{"t":"ref","text":"2"},{"t":"num","text":"2","tail":"\u202fSo in original. There is no section 7 of such Act."},{"t":"text","text":"\u202fSo in original. There is no section 7 of such Act.","tail":" of that Act ("},{"t":"ref","text":"12 U.S.C. 3207","href":"/us/usc/t12/s3207","tail":") to permit service by a management official of a nonbank financial company supervised by the Board of Governors as a management official of any bank holding company with total consolidated assets equal to or greater than $250,000,000,000, or other nonaffiliated nonbank financial company supervised by the Board of Governors (other than to provide a temporary exemption for interlocks resulting from a merger, acquisition, or consolidation)."}],"tail":"\n"}]},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}