12 CFR § 251.5 - No evasion.

---
identifier: "/us/cfr/t12/s251.5"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 251.5 - No evasion."
title_number: 12
title_name: "Banks and Banking"
section_number: "251.5"
section_name: "No evasion."
chapter_name: "FEDERAL RESERVE SYSTEM"
subchapter_number: "A"
subchapter_name: "BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM"
part_number: "251"
part_name: "CONCENTRATION LIMIT (REGULATION XX)"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1818, 1844(b), 1852, 3101 ."
regulatory_source: "79 FR 68104, Nov. 14, 2014, unless otherwise noted."
cfr_part: "251"
---


# 251.5 No evasion.

A financial company may not organize or operate its business or structure any acquisition of or merger or consolidation with another company in such a manner that results in evasion of the concentration limit established by section 14 of the Bank Holding Company Act or this part.