12 USC § 5364 - Prohibition against management interlocks between certain financial companies

---
identifier: "/us/usc/t12/s5364"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 5364 - Prohibition against management interlocks between certain financial companies"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "5364"
section_name: "Prohibition against management interlocks between certain financial companies"
chapter_number: 53
chapter_name: "WALL STREET REFORM AND CONSUMER PROTECTION"
subchapter_number: "I"
subchapter_name: "FINANCIAL STABILITY"
part_number: "C"
part_name: "Additional Board of Governors Authority for Certain Nonbank Financial Companies and Bank Holding Companies"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 111–203, title I, § 164, July 21, 2010, 124 Stat. 1423; Pub. L. 115–174, title IV, § 401(c)(1)(F), May 24, 2018, 132 Stat. 1358.)"
---


# 2 Prohibition against management interlocks between certain financial companies

So in original. Probably should be “Institution”.

So in original. There is no section 7 of such Act.

[^1]12 U.S.C. 3201[^2]12 U.S.C. 3207

A nonbank financial company supervised by the Board of Governors shall be treated as a bank holding company for purposes of the Depository Institutions  Management Interlocks Act ( et seq.), except that the Board of Governors shall not exercise the authority provided in section 7  of that Act () 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).

---

**Source Credit**: (Pub. L. 111–203, title I, § 164, July 21, 2010, 124 Stat. 1423; Pub. L. 115–174, title IV, § 401(c)(1)(F), May 24, 2018, 132 Stat. 1358.)

## Editorial Notes

### References in Text

The Depository Institution Management Interlocks Act, referred to in text, is title II of , , , which is classified principally to chapter 33 (§ 3201 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under  and Tables.

### Amendments

2018— substituted “$250,000,000,000” for “$50,000,000,000”.

## Statutory Notes and Related Subsidiaries

### Effective Date of 2018 Amendment

Except as otherwise provided, amendment by  effective 18 months after , see , set out as a note under .

### Construction of 2018 Amendment

For construction of amendment by  as applied to certain foreign banking organizations, see , set out as a note under .