12 CFR § 362.15 - Acquiring or establishing a subsidiary; conducting new activities through a subsidiary.

---
identifier: "/us/cfr/t12/s362.15"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 362.15 - Acquiring or establishing a subsidiary; conducting new activities through a subsidiary."
title_number: 12
title_name: "Banks and Banking"
section_number: "362.15"
section_name: "Acquiring or establishing a subsidiary; conducting new activities through a subsidiary."
chapter_name: "FEDERAL DEPOSIT INSURANCE CORPORATION"
subchapter_number: "B"
subchapter_name: "REGULATIONS AND STATEMENTS OF GENERAL POLICY"
part_number: "362"
part_name: "ACTIVITIES OF INSURED STATE BANKS AND INSURED SAVINGS ASSOCIATIONS"
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. 1816, 1818, 1819(a)(Tenth), 1828(j), 1828(m), 1828a, 1831a, 1831e, 1831w, 1843(l)."
regulatory_source: "63 FR 66326, Dec. 1, 1998, unless otherwise noted."
cfr_part: "362"
---


# 362.15 Acquiring or establishing a subsidiary; conducting new activities through a subsidiary.

No state insured savings association may establish or acquire a subsidiary, or conduct any new activity through a subsidiary, unless it files a notice in compliance with § 303.142(c) of this chapter at least 30 days prior to establishment of the subsidiary or commencement of the activity and the FDIC does not object to the notice. This section does not apply to any state savings association that acquired its principal assets from a Federal savings bank that was chartered prior to October 15, 1982, as a savings bank under state law.

[86 FR 8104, Feb. 3, 2021]