---
kind: "section"
citation: "12 C.F.R. § 238.91"
title: "12"
number: "238.91"
heading: "Authority, purpose, and scope."
url: "https://uscodex.org/cfr/12/238.91"
---

# §238.91. Authority, purpose, and scope.

- (a) **Authority.** This subpart is issued under the provisions of the Depository Institution Management Interlocks Act (Interlocks Act) ([12 U.S.C. 3201](/usc/12/3201.md) et seq.), as amended.
- (b) **Purpose.** The purpose of the Interlocks Act and this subpart is to foster competition by generally prohibiting a management official from serving two nonaffiliated depository organizations in situations where the management interlock likely would have an anticompetitive effect.
- (c) **Scope.** This subpart applies to management officials of savings and loan holding companies, and their affiliates.

## Notes

### Authority

Authority: 5 U.S.C. 552, 559; 12 U.S.C. 1462, 1462a, 1463, 1464, 1467, 1467a, 1468, 5365; 1813, 1817, 1829e, 1831i, 1972, 15 U.S.C. 78 l.

### Source

Source: Reg. LL, 76 FR 56532, Sept. 13, 2011, unless otherwise noted.