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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.

  1. 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. § 329

  2. Financial 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”.

  3. 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
  1. R.S. § 329
  2. 2000Pub. L. 106–569, title XII, § 1233(b), , 114 Stat. 3037
  3. 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.)

Parsed from the official OLRC USLM XML in data/usc_all/usc12.xml · release point 119-108 · OLRC build 2026-07-23

USLM identifier /us/usc/t12/s11