Title 12 — Banks and Banking
Chapter 2 — National Banks
§ 196. Expenses
Statutory text
All expenses of any preliminary or other examinations into the condition of any association shall be paid by such association. All expenses of any receivership shall be paid out of the assets of such association before distribution of the proceeds thereof.
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. § 5238
Enacted · 12 U.S.C. § 196
R.S. § 5238
Unresolved: No Public Law or Statutes at Large citation in the Code source.
Source evidence
Code source credit
R.S. § 5238Riegle Community Development and Regulatory Improvement Act of 1994
Pub. L. 103–325 title VI § 602(g)(13) · 108 Stat. 2160
Struck · 12 U.S.C. § 196
Pub. L. 103–325 struck out at beginning “All fees for protesting the notes issued by any national banking association shall be paid by the person procuring the protest to be made, and such association shall be liable therefor; but no part of the bonds deposited by such association shall be applied to the payment of such fees.”
Source evidence
Code amendment note
Pub. L. 103–325 struck out at beginning “All fees for protesting the notes issued by any national banking association shall be paid by the person procuring the protest to be made, and such association shall be liable therefor; but no part of the bonds deposited by such association shall be applied to the payment of such fees.”Enacted provision · exact public law section
(13) Section 5238 of the Revised Statutes (12 U.S.C. 196) is amended by striking the 1st sentence.
1 of 2 references resolved to an enrolled provision · 1 unresolved
Editorial Notes
Codification
R.S. § 5238 derived from act June 3, 1864, ch. 106, § 51, 13 Stat. 115, which was the National Bank Act. See section 38 of this title.
Amendments
1994—Pub. L. 103–325 struck out at beginning “All fees for protesting the notes issued by any national banking association shall be paid by the person procuring the protest to be made, and such association shall be liable therefor; but no part of the bonds deposited by such association shall be applied to the payment of such fees.”
Credits
1994 · 2 acts
- R.S. § 5238
- 1994Pub. L. 103–325, title VI, § 602(g)(13), , 108 Stat. 2294.
Show as published
(R.S. § 5238; Pub. L. 103–325, title VI, § 602(g)(13), , 108 Stat. 2294.)