Management Interlocks | Practical Law

Management Interlocks | Practical Law

This Practice Note describes the laws and regulations restricting the ability of bank management officials to serve as management officials at unaffiliated banking organizations, otherwise known as management interlocks. It covers key definitions such as management official and depository organization, and discusses the scope of management interlock prohibitions and exemptions from these prohibitions.

Management Interlocks

Practical Law Practice Note 7-509-5283 (Approx. 9 pages)

Management Interlocks

by Practical Law Finance
MaintainedUSA (National/Federal)
This Practice Note describes the laws and regulations restricting the ability of bank management officials to serve as management officials at unaffiliated banking organizations, otherwise known as management interlocks. It covers key definitions such as management official and depository organization, and discusses the scope of management interlock prohibitions and exemptions from these prohibitions.