Title 12 — Banks and Banking
Chapter 1 — The Comptroller of the Currency
§ 11. Interest in national banks
Statutory text
It shall not be lawful for the Comptroller or the Deputy Comptroller of the Currency, either directly or indirectly, to hold an interest in any national bank or any Federal savings association.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
R.S. § 329
Enacted · 12 U.S.C. § 11
R.S. § 329
Unresolved: No Public Law or Statutes at Large citation in the Code source.
Source evidence
Code source credit
R.S. § 329Financial Regulatory Relief and Economic Efficiency Act of 2000
Pub. L. 106–569 title XII § 1233(b) · 114 Stat. 2944
Substituted · 12 U.S.C. § 11
Pub. L. 106–569 substituted “to hold an interest in any national bank” for “to be interested in any association issuing national currency under the laws of the United States”
Source evidence
Code amendment note
Pub. L. 106–569 substituted “to hold an interest in any national bank” for “to be interested in any association issuing national currency under the laws of the United States”.Enacted provision · exact public law section
(b) Technical Amendment to the Revised Statutes.— Section 329 of the Revised Statutes of the United States (12 U.S.C. 11) is amended by striking “to be interested in any association issuing national currency under the laws of the United States” and inserting “to hold an interest in any national bank”.Enhancing Financial Institution Safety and Soundness Act of 2010
Pub. L. 111–203 title III § 314(c) · 124 Stat. 1376
Inserted · 12 U.S.C. § 11
Pub. L. 111–203 inserted “or any Federal savings association” before the period
Source evidence
Code amendment note
Pub. L. 111–203 inserted “or any Federal savings association” before the period.Enacted provision · exact public law section
(c) Amendment to Section 329.— Section 329 of the Revised Statutes of the United States (12 U.S.C. 11) is amended by inserting before the period at the end the following: “or any Federal savings association”.Effective date note
Amendment by Pub. L. 111–203 effective on the transfer date, see section 314(d) of Pub. L. 111–203, set out as a note under section 1 of this title.
2 of 3 references resolved to an enrolled provision · 1 unresolved
Editorial Notes
Codification
R.S. § 329 derived from act June 3, 1864, ch. 106, § 1, 13 Stat. 99, which was the National Bank Act. See section 38 of this title.
Amendments2000–2010 · 2 rounds
2010
Pub. L. 111–203 inserted “or any Federal savings association” before the period.
2000
Pub. L. 106–569 substituted “to hold an interest in any national bank” for “to be interested in any association issuing national currency under the laws of the United States”.
Statutory Notes and Related Subsidiaries
Effective Date of 2010 Amendment
Amendment by Pub. L. 111–203 effective on the transfer date, see section 314(d) of Pub. L. 111–203, set out as a note under section 1 of this title.
Credits
2000–2010 · 3 acts
- R.S. § 329
- 2000Pub. L. 106–569, title XII, § 1233(b), , 114 Stat. 3037
- 2010Pub. L. 111–203, title III, § 314(c), , 124 Stat. 1524.
Show as published
(R.S. § 329; Pub. L. 106–569, title XII, § 1233(b), , 114 Stat. 3037; Pub. L. 111–203, title III, § 314(c), , 124 Stat. 1524.)