Title 12 — Banks and Banking
Chapter 2 — National Banks
§ 202. Definitions
Statutory text
As used in this subchapter, the term “bank” means any national banking association or any other financial institution chartered or licensed under Federal law and subject to the supervision of the Comptroller of the Currency; the term “voluntary dissolution and liquidation” means a transaction pursuant to section 181 of this title that involves the assumption of the bank’s insured deposit liabilities and the sale of the bank, or of control of the bank, as a going concern; and the term “State” means any State, Territory, or possession of the United States, and the Canal Zone.
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.
Pub. L. 73–1 · 48 Stat. 1
Enacted · 12 U.S.C. § 202
Mar. 9, 1933, ch. 1, title II, § 202, 48 Stat. 2
Source evidence
Code source credit
Mar. 9, 1933, ch. 1, title II, § 202, 48 Stat. 2Financial Institutions Reform, Recovery, and Enforcement Act of 1989
Pub. L. 101–73 § 801(1) · 103 Stat. 183
Changed · 12 U.S.C. § 202
Pub. L. 101–73, § 801(1), in cl. (1), extended term “bank” to include any financial institution chartered or licensed under Federal law and subject to supervision of Comptroller of the Currency
Source evidence
Code amendment note
Pub. L. 101–73, § 801(1), in cl. (1), extended term “bank” to include any financial institution chartered or licensed under Federal law and subject to supervision of Comptroller of the Currency.Enacted provision · exact public law section
(1) by inserting after “national banking association” the following: “or any other financial institution chartered or licensed under Federal law and subject to the supervision of the Comptroller of the Currency”; andFinancial Institutions Reform, Recovery, and Enforcement Act of 1989
Pub. L. 101–73 § 801(2) · 103 Stat. 183
Inserted · 12 U.S.C. § 202
Pub. L. 101–73, § 801(2), in cl. (2), inserted definition of term “voluntary dissolution and liquidation”
Target inherited from the preceding amendment note.
Source evidence
Code amendment note
Pub. L. 101–73, § 801(2), in cl. (2), inserted definition of term “voluntary dissolution and liquidation”.Enacted provision · exact public law section
(2) by inserting before “and the term ‘State’” the following: “the term ‘voluntary dissolution and liquidation’ means a transaction pursuant to section 5220 of the Revised Statutes that involves the assumption of the bank’s insured deposit liabilities and the sale of the bank, or of control of the bank, as a going concern;”.Pub. L. 109–351 title VII § 725(b) · 120 Stat. 1966
Amended · 12 U.S.C. § 202
Pub. L. 109–351 and 109–356 amended section identically
Substituted · 12 U.S.C. § 202
Pub. L. 109–351 and 109–356 substituting “means any national” for “means (1) any national”
Struck · 12 U.S.C. § 202
Pub. L. 109–351 and 109–356 striking out “, and (2) any bank or trust company located in the District of Columbia and operating under the supervision of the Comptroller of the Currency” before first semicolon
Source evidence
Code amendment note
Pub. L. 109–351 and 109–356 amended section identically, substituting “means any national” for “means (1) any national” and striking out “, and (2) any bank or trust company located in the District of Columbia and operating under the supervision of the Comptroller of the Currency” before first semicolon.Enacted provision · exact public law section
(b) Bank Conservation Act.— Section 202 of the Bank Conservation Act (12 U.S.C. 202) is amended— (1) by striking “means (1) any national” and inserting “means any national”; and (2) by striking “, and (2) any bank or trust company located in the District of Columbia and operating under the supervision of the Comptroller of the Currency”.
5 of 6 references resolved to an enrolled provision · 1 partial
Editorial Notes
References in Text
For definition of Canal Zone, referred to in text, see section 3602(b) of Title 22, Foreign Relations and Intercourse.
Amendments1989–2006 · 2 rounds
2006
Pub. L. 109–351 and 109–356 amended section identically, substituting “means any national” for “means (1) any national” and striking out “, and (2) any bank or trust company located in the District of Columbia and operating under the supervision of the Comptroller of the Currency” before first semicolon.
1989
Pub. L. 101–73, § 801(1), in cl. (1), extended term “bank” to include any financial institution chartered or licensed under Federal law and subject to supervision of Comptroller of the Currency.
Pub. L. 101–73, § 801(2), in cl. (2), inserted definition of term “voluntary dissolution and liquidation”.
Credits
1933–2006 · 4 acts
- 1933Mar. 9, 1933, ch. 1, title II, § 202, 48 Stat. 2
- 1989Pub. L. 101–73, title VIII, § 801, , 103 Stat. 441
- 2006Pub. L. 109–351, title VII, § 725(b), , 120 Stat. 2001
- 2006Pub. L. 109–356, title I, § 123(b), , 120 Stat. 2028.
Show as published
(Mar. 9, 1933, ch. 1, title II, § 202, 48 Stat. 2; Pub. L. 101–73, title VIII, § 801, , 103 Stat. 441; Pub. L. 109–351, title VII, § 725(b), , 120 Stat. 2001; Pub. L. 109–356, title I, § 123(b), , 120 Stat. 2028.)