### Question
How does CONSOLIDATION AND MERGER define acquire?


### Answer
Under *12 U.S.C. § 215c*, **acquire** is defined as:

> to acquire, directly or indirectly, ownership or control through a merger or consolidation or an acquisition of assets or assumption of liabilities, provided that following such merger, consolidation, or acquisition, an acquiring insured depository institution may not own the shares of the acquired insured depository institution

#### Citation:
  - *12 U.S.C. § 215c*
  - Heading: **CHAPTER 2-NATIONAL BANKS > SUBCHAPTER XVI-CONSOLIDATION AND MERGER**

