Notes on national banks : US Code - Notes

Search Notes on national banks : US Code - Notes

SUBCHAPTER I - ORGANIZATION AND GENERAL PROVISIONS
Sec.
21. Formation of national banking associations;
incorporators; articles of association.
21a. Amendment of articles of association.
22. Organization certificate.
23. Acknowledgment and filing of certificate.
24. Corporate powers of associations.
24a. Financial subsidiaries of national banks.
25. Omitted.
25a. Participation by national banks in lotteries and
related activities.
26. Comptroller to determine if association can commence
business.
27. Certificate of authority to commence banking.
28. Repealed.
29. Power to hold real property.
30. Change of name or location.
31. Rights and liabilities as affected by change of name.
32. Liabilities and suits as affected by change of name or
location.
33 to 34c. Transferred.
35. Organization of State banks as national banking
associations.
36. Branch banks.
37. Associations governed by chapter.
38. The National Bank Act.
39. Reservation of rights of associations organized under
Act of 1863.
40. Virgin Islands; extension of National Bank Act.
41. Guam; extension of National Bank Act.
42. Territorial application.
43. Interpretations concerning preemption of certain State
laws.

SUBCHAPTER II - CAPITAL, STOCK, AND STOCKHOLDERS
51. Repealed.
51a. Preferred stock; issuance authorized.
51b. Dividends, voting, and retirement of preferred stock;
individual liability.
51b-1. Consideration of preferred stock in determining
impairment of capital; dividends; retirement.
51c. "Common stock", "capital", and "capital stock"
defined.
51d to 51f. Repealed.
52. Par value and incidents of stock; transfer of shares.
53. When capital stock paid in.
54. Repealed.
55. Enforcing payment of deficiency in capital stock;
assessments; liquidation; receivership.
56. Prohibition on withdrawal of capital; unearned
dividends.
57. Increase of capital by provision in articles of
association.
58. Repealed.
59. Reduction of capital.
60. National bank dividends.
61. Shareholders' voting rights; cumulative and
distributive voting; preferred stock; trust shares;
proxies, liability restrictions; percentage
requirement exclusion of trust shares.
62. List of shareholders.
63, 64. Repealed.
64a. Individual liability of shareholders; limitation on
liability.
65. Repealed.
66. Personal liability of representatives of stockholders.
67. Individual liability of shareholders; compromises;
authority of receiver.

SUBCHAPTER III - DIRECTORS
71. Election.
71a. Number of directors; penalties.
72. Qualifications.
73. Oath.
74. Vacancies.
75. Legal holiday, annual meeting on; proceedings where no
election held on proper day.
76. President of bank as member of board; chairman of
board.
77, 78. Repealed.

SUBCHAPTER IV - REGULATION OF THE BANKING BUSINESS; POWERS AND
DUTIES OF NATIONAL BANKS
81. Place of business.
82. Repealed.
83. Loans by bank on its own stock.
84. Lending limits.
85. Rate of interest on loans, discounts and purchases.
86. Usurious interest; penalty for taking; limitations.
86a to 89. Omitted or Repealed.
90. Depositaries of public moneys and financial agents of
Government.
91. Transfers by bank and other acts in contemplation of
insolvency.
92. Acting as insurance agent or broker.
92a. Trust powers.
93. Violation of provisions of chapter.
93a. Authority to prescribe rules and regulations.
94. Venue of suits.
94a. Repealed.
95. Emergency limitations and restrictions on business of
members of Federal reserve system; designation of
legal holiday for national banking associations;
exceptions; "State" defined.
95a. Regulation of transactions in foreign exchange of gold
and silver; property transfers; vested interests,
enforcement and penalties.
95b. Ratification of acts of President and Secretary of the
Treasury under section 95a.

SUBCHAPTER V - OBTAINING AND ISSUING CIRCULATING NOTES
101 to 110. Repealed.

SUBCHAPTER VI - REDEMPTION AND REPLACEMENT OF CIRCULATING NOTES
121. Repealed.
121a. Redemption of notes unidentifiable as to bank of
issue.
122 to 127. Repealed.

SUBCHAPTER VII - PROCEEDINGS ON FAILURE OF BANK TO REDEEM
CIRCULATING NOTES
131 to 138. Repealed.

SUBCHAPTER VIII - RESERVE CITIES; LAWFUL RESERVES
141. Central reserve and reserve cities; designation.
142. Banks in reserve cities; reserves.
143. Banks in Alaska and insular possessions; lawful money
reserves.
144. Certain balances counted toward reserves in
dependencies and insular possessions.
145, 146. Repealed.

SUBCHAPTER IX - FORMATION OF ASSOCIATIONS TO ISSUE GOLD NOTES
151 to 153. Repealed.

SUBCHAPTER X - BANK EXAMINATIONS; REPORTS
161. Reports to Comptroller of the Currency.
162, 163. Repealed.
164. Penalty for failure to make reports.
165. Omitted.

SUBCHAPTER XI - MISCELLANEOUS PROVISIONS REGARDING UNITED STATES
BONDS IN RELATION TO NATIONAL BANKS
168 to 177. Repealed.
177a. Funds available for cost of transporting and redeeming
national and Federal Reserve bank notes.
178. Repealed.

SUBCHAPTER XII - VOLUNTARY DISSOLUTION
181. Voluntary dissolution; appointment and removal of
liquidating agent or committee; examination.
182. Notice of intent to dissolve.
183 to 186. Repealed.

SUBCHAPTER XIII - RECEIVERSHIP
191. Appointment of receiver for a national bank.
192. Default in payment of circulating notes.
193. Notice to present claims.
194. Dividends on adjusted claims; distribution of assets.
195. Repealed.
196. Expenses.
197. Shareholders' meeting; continuance of receivership;
appointment of agent; winding up business;
distribution of assets.
197a. Resumption of business by closed bank on consent of
depositors.
198. Purchase by receiver of property of bank; request to
Comptroller.
199. Approval of request.
200. Payment.

SUBCHAPTER XIV - BANK CONSERVATION ACT
201. Short title.
202. Definitions.
203. Appointment of conservator.
204. Examinations.
205. Termination of conservatorship.
206. Conservator; powers and duties.
207, 208. Repealed.
209. Liability protection.
210. Governmental powers unimpaired.
211. Rules and regulations.
212. Right to amend; separability.
213. Transferred.

SUBCHAPTER XV - CONVERSION OF NATIONAL BANKS INTO STATE BANKS
214. Definitions.
214a. Procedure for conversion, merger, or consolidation;
vote of stockholders.
214b. Continuation of business and corporate entity.
214c. Conversions in contravention of State law.

SUBCHAPTER XVI - CONSOLIDATION AND MERGER
215. Consolidation of banks within same State.
215a. Merger of national banks or State banks into national
banks.
215a-1. Interstate consolidations and mergers.
215a-2. Expedited procedures for certain reorganizations.
215a-3. Mergers and consolidations with subsidiaries and
nonbank affiliates.
215b. Definitions.
215c. Mergers, consolidations, and other acquisitions
authorized.

SUBCHAPTER XVII - DISPOSITION OF UNCLAIMED PROPERTY RECOVERED FROM
CLOSED NATIONAL BANKS
216. Purpose.
216a. Definitions.
216b. Disposition of unclaimed property.
216c. Rules and regulations.
216d. Severability.