loading…

Concentration limits on large financial firms

2 rules

(c) Exception to concentration limit With the prior written consent of the Board, the concentration limit under subsection (b) shall not apply to an acquisition—

(1) of a bank in default or in danger of default;

(2) with respect to which assistance is provided by the Federal Deposit Insurance Corporation under section 1823(c) of this title ; or (3) that would result only in a de minimis increase in the liabilities of the financial company.

in view

Whole section

Encodings · 2

concentration_limit_default_bank_exception_applies12 USC § 1852 (c) (1) · derived

12 U.S.C. 1852(c)(1)

name: concentration_limit_default_bank_exception_applies
kind: derived
entity: Acquisition
dtype: Judgment
period: Year
source: 12 U.S.C. 1852(c)(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/statute/12/1852/c
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us/statute/12/1852/c
versions:
  - effective_from: '0001-01-01'
    formula: |-
      acquisition_has_prior_written_consent_of_board
      and acquisition_is_of_bank_in_default_or_danger_of_default

open in graph ↗

concentration_limit_de_minimis_liabilities_exception_applies12 USC § 1852 (c) (3) · derived

12 U.S.C. 1852(c)(3)

name: concentration_limit_de_minimis_liabilities_exception_applies
kind: derived
entity: Acquisition
dtype: Judgment
period: Year
source: 12 U.S.C. 1852(c)(3)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/statute/12/1852/c
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us/statute/12/1852/c
versions:
  - effective_from: '0001-01-01'
    formula: >-
      acquisition_has_prior_written_consent_of_board

      and
      acquisition_would_result_only_in_de_minimis_increase_in_liabilities_of_financial_company

open in graph ↗

▸rulespec code

Shown source

statutes/12/1852.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us/statute/12/1852; no dedicated encoding exists for this exact provision yet.

View on GitHub

Rules

concentration_limit_default_bank_exception_applies

Derived(1) in text ↖

source: 12 U.S.C. 1852(c)(1)

- name: concentration_limit_default_bank_exception_applies
  kind: derived
  entity: Acquisition
  dtype: Judgment
  period: Year
  source: 12 U.S.C. 1852(c)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/12/1852/c
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/12/1852/c
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        acquisition_has_prior_written_consent_of_board
        and acquisition_is_of_bank_in_default_or_danger_of_default

concentration_limit_de_minimis_liabilities_exception_applies

Derived(3) in text ↖

source: 12 U.S.C. 1852(c)(3)

- name: concentration_limit_de_minimis_liabilities_exception_applies
  kind: derived
  entity: Acquisition
  dtype: Judgment
  period: Year
  source: 12 U.S.C. 1852(c)(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/12/1852/c
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/12/1852/c
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        acquisition_has_prior_written_consent_of_board
        and acquisition_would_result_only_in_de_minimis_increase_in_liabilities_of_financial_company

▸citations (1)

References

This rule cites 1 other rule.

12 USC § 1823 (c)inferredUS Federal › Statutes › Title 12 › § 1823 › (c)

loading…

us/statute/12/1852/c — Concentration limits on large financial firms · Axiom

Concentration limits on large financial firms

2 rules

Official source

graph ↗build calculator ↗

(c) Exception to concentration limit With the prior written consent of the Board, the concentration limit under subsection (b) shall not apply to an acquisition—

(1) of a bank in default or in danger of default;

in view

Whole section

Encodings · 2

concentration_limit_default_bank_exception_applies12 USC § 1852 (c) (1) · derived

12 U.S.C. 1852(c)(1)

name: concentration_limit_default_bank_exception_applies
kind: derived
entity: Acquisition
dtype: Judgment
period: Year
source: 12 U.S.C. 1852(c)(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/statute/12/1852/c
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us/statute/12/1852/c
versions:
  - effective_from: '0001-01-01'
    formula: |-
      acquisition_has_prior_written_consent_of_board
      and acquisition_is_of_bank_in_default_or_danger_of_default

open in graph ↗

concentration_limit_de_minimis_liabilities_exception_applies12 USC § 1852 (c) (3) · derived

12 U.S.C. 1852(c)(3)

name: concentration_limit_de_minimis_liabilities_exception_applies
kind: derived
entity: Acquisition
dtype: Judgment
period: Year
source: 12 U.S.C. 1852(c)(3)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/statute/12/1852/c
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us/statute/12/1852/c
versions:
  - effective_from: '0001-01-01'
    formula: >-
      acquisition_has_prior_written_consent_of_board

      and
      acquisition_would_result_only_in_de_minimis_increase_in_liabilities_of_financial_company

open in graph ↗

▸rulespec code

Shown source

statutes/12/1852.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us/statute/12/1852; no dedicated encoding exists for this exact provision yet.

View on GitHub

Rules

concentration_limit_default_bank_exception_applies

Derived(1) in text ↖

source: 12 U.S.C. 1852(c)(1)

- name: concentration_limit_default_bank_exception_applies
  kind: derived
  entity: Acquisition
  dtype: Judgment
  period: Year
  source: 12 U.S.C. 1852(c)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/12/1852/c
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/12/1852/c
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        acquisition_has_prior_written_consent_of_board
        and acquisition_is_of_bank_in_default_or_danger_of_default

concentration_limit_de_minimis_liabilities_exception_applies

Derived(3) in text ↖

source: 12 U.S.C. 1852(c)(3)

- name: concentration_limit_de_minimis_liabilities_exception_applies
  kind: derived
  entity: Acquisition
  dtype: Judgment
  period: Year
  source: 12 U.S.C. 1852(c)(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/12/1852/c
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/12/1852/c
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        acquisition_has_prior_written_consent_of_board
        and acquisition_would_result_only_in_de_minimis_increase_in_liabilities_of_financial_company

▸citations (1)

References

This rule cites 1 other rule.

12 USC § 1823 (c)inferredUS Federal › Statutes › Title 12 › § 1823 › (c)