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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.

  1. 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. 2

  2. Financial 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”; and

  3. Financial 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;”.

  4. Pub. L. 109–351 title VII § 725(b) · 120 Stat. 1966

    1. Amended · 12 U.S.C. § 202

      Pub. L. 109–351 and 109–356 amended section identically

    2. Substituted · 12 U.S.C. § 202

      Pub. L. 109–351 and 109–356 substituting “means any national” for “means (1) any national”

    3. 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
  1. 1933Mar. 9, 1933, ch. 1, title II, § 202, 48 Stat. 2
  2. 1989Pub. L. 101–73, title VIII, § 801, , 103 Stat. 441
  3. 2006Pub. L. 109–351, title VII, § 725(b), , 120 Stat. 2001
  4. 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.)

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/s202