12 U.S.C. § 39 : US Code - Section 39: Reservation of rights of associations organized under Act of 1863

Search 12 U.S.C. § 39 : US Code - Section 39: Reservation of rights of associations organized under Act of 1863

Nothing in title 62 of the Revised Statutes shall affect any
appointments made, acts done, or proceedings had or commenced prior
to the third day of June 1864, in or toward the organization of any
national banking association under the act of February 25, 1863;
but all associations which, on the third day of June 1864, were
organized or commenced to be organized under that act, shall enjoy
all the rights and privileges granted, and be subject to all the
duties, liabilities, and restrictions imposed by title 62 of the
Revised Statutes, notwithstanding all the steps prescribed by title
62 of the Revised Statutes for the organization of associations
were not pursued, if such associations were duly organized under
that act.