Page:United States Statutes at Large Volume 101 Part 1.djvu/655

 PUBLIC LAW 100-86—AUG. 10, 1987

101 STAT. 625

scribed in subparagraph (D) may be conditioned on the receipt of such consideration for the Corporation's assistance as the Board of Directors deems appropriate.". (c) SPECIAL PROVISIONS APPLICABLE TO EMERGENCY INTERSTATE ACQUISITIONS.— (1) COORDINATION WITH CERTAIN STATE LAWS.—Section 13(f)(4)

of the Federal Deposit Insurance Act (12 U.S.C. 1823(f)(4)) is amended— (A) by redesignating clauses (i), (ii), and (iii) as subparagraphs (A), (B), and (C), respectively; (B) by amending subparagraph (A) (as so redesignated) to read as follows: "(A) ACQUISITIONS NOT SUBJECT TO CERTAIN OTHER LAWS.—Sec-

tion 3(d) of the Bank Holding Company Act of 1956, any provision of 12 USC 1842. State law, the constitution of any State, and section 408(e)(3) of the 12 USC I730a. National Housing Act shall not apply to prohibit any acquisition under paragraph (2) or (3), except that an out-of-State bank may make such an acquisition only if such ownership is otherwise specifically authorized.'; and (C) by adding at the end thereof the following new subparagraphs: "(D) SUBSEQUENT NONEMERGENCY INTERSTATE ACQUISITIONS SUBJECT TO STATE LAW.—

"(i) IN GENERAL.—Any out-of-State bank holding company which acquires control of a n insured bank in any State under paragraph (2) or (3) may acquire any other insured bank and establish branches in such State to the same extent as a bank holding company whose insured bank subsidiaries' operations are principally conducted in such State may acquire any other insured bank or establish branches. "(ii) DELAYED DATE OF APPLICABILTTY.—Clause (i) shall not apply with respect to any out-of-State bank holding company referred to in such clause before the earlier of— •^ ^ "(I) the end of the 2-year period beginning on the date the acquisition referred to in such clause with respect to such company is consummated; or "(II) the end of any period established under State law ' • during which such out-of-State bank holding company may not be treated as a bank holding company whose insured bank subsidiaries' operations are principally conducted in such State for purposes of acquiring other insured banks or establishing bank branches, "(iii) DETERMINATION OP PRINCIPALLY CONDUCTED.—For purposes of this subparagraph, the State in which the operations of a holding company's insured bank subsidiaries are principally conducted is the State determined under section 3(d) of the Bank Holding Company Act of 1956 with respect to such holding company. "(E) CERTAIN STATE INTERSTATE BANKING LAWS INAPPLICABLE.—

Any holding company which acquires control of any insured bank or holding company under paragraph (2) or (3) or subparagraph (D) of this paragraph shall not, by reason of such acquisition, be required under the law of any State to divest any other insured bank or be prevented from acquiring any other bank or holding company.". (2) RECIPROCAL BANK PACTS AND MINORITY BANK OWNERSHIP TAKEN INTO ACCOUNT IN BIDDING PRIORITIES.—Section 13(f)(6) of

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