12 USC § 214d - Prohibition on conversion

---
identifier: "/us/usc/t12/s214d"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 214d - Prohibition on conversion"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "214d"
section_name: "Prohibition on conversion"
chapter_number: 2
chapter_name: "NATIONAL BANKS"
subchapter_number: "XV"
subchapter_name: "CONVERSION OF NATIONAL BANKS INTO STATE BANKS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Aug. 17, 1950, ch. 729, § 10, as added Pub. L. 111–203, title VI, § 612(a), July 21, 2010, 124 Stat. 1612.)"
---


# § 214d. Prohibition on conversion

A national banking association may not convert to a State bank or State savings association during any period in which the national banking association is subject to a cease and desist order (or other formal enforcement order) issued by, or a memorandum of understanding entered into with, the Comptroller of the Currency with respect to a significant supervisory matter.

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**Source Credit**: (Aug. 17, 1950, ch. 729, § 10, as added Pub. L. 111–203, title VI, § 612(a), July 21, 2010, 124 Stat. 1612.)

## Statutory Notes and Related Subsidiaries

### Effective Date

Section effective 1 day after , except as otherwise provided, see , set out as a note under .