12 U.S.C. § 214d
Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
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.