Title 12 — Banks and Banking
Chapter 2 — National Banks
§ 214. Definitions
Statutory text
As used in this subchapter and section 321 of this title the term “State bank” means any bank, banking association, trust company, savings bank (other than a mutual savings bank), or other banking institution which is engaged in the business of receiving deposits and which is incorporated under the laws of any State, any Territory of the United States, Puerto Rico, or the Virgin Islands, or which is operating under the Code of Law for the District of Columbia.
For purposes of merger or consolidation under this subchapter and section 321 of this title the term “national banking association” means one or more national banking associations, and the term “State bank” means one or more State banks.
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. 81–729 § 1 · 64 Stat. 455
Enacted · 12 U.S.C. § 214
Aug. 17, 1950, ch. 729, § 1, 64 Stat. 455
Source evidence
Code source credit
Aug. 17, 1950, ch. 729, § 1, 64 Stat. 455Enacted provision · exact public law section
Section 1. definitions (a) As used in this Act the term “State bank” means “State bank.” any bank, banking association, trust company, savings bank (other than a mutual savings bank), or other banking institution which is engaged in the business of receiving deposits and which is incorporated under the laws of any State, any Territory of the United States, Puerto Rico, or the Virgin Islands, or which is operating under the Code of Law for the District of Columbia (except a national banking association). (b) For purposes of merger or consolidation under this Act the “National banking association.” term “national banking association” means one or more national banking associations, and the term “State bank” means one or more State banks.Pub. L. 109–351 title VII § 725(f) · 120 Stat. 1966
Amended · 12 U.S.C. § 214(a)
Pub. L. 109–351 and 109–356 amended subsec. (a) identically
Struck · 12 U.S.C. § 214(a)
Pub. L. 109–351 and 109–356 striking out “(except a national banking association)” before period at end
Source evidence
Code amendment note
Subsec. (a). Pub. L. 109–351 and 109–356 amended subsec. (a) identically, striking out “(except a national banking association)” before period at end.Enacted provision · exact public law section
(f) Act of August 17, 1950.— Section 1(a) of the Act entitled “An Act to provide for the conversion of national banking associations into and their merger or consolidation with State banks, and for other purposes” and approved August 17, 1950 (12 U.S.C. 214(a)) is amended by striking “(except a national banking association)”.
3 of 3 references resolved to an enrolled provision
Editorial Notes
Amendments1954–2006 · 2 rounds
2006
Subsec. (a). Pub. L. 109–351 and 109–356 amended subsec. (a) identically, striking out “(except a national banking association)” before period at end.
1954
Act , substituted “this subchapter and section 321 of this title” for “sections 214 to 214c, 264(e)(2), (i)(2), (v)(4), and 321 of this title” wherever appearing.
Statutory Notes and Related Subsidiaries
Separability
Act Aug. 17, 1950, ch. 729, § 9, 64 Stat. 458, provided that: “If any provision of this Act [enacting this subchapter and amending of sections 264 and 321 of this title], or the application thereof to any person or circumstance, is held invalid, the remainder of the Act and the application of such provision to other persons or circumstances shall not be affected thereby.”
Credits
1950–2006 · 4 acts
- 1950Aug. 17, 1950, ch. 729, § 1, 64 Stat. 455
- 1954Sept. 3, 1954, ch. 1263, § 24, 68 Stat. 1234
- 2006Pub. L. 109–351, title VII, § 725(f), , 120 Stat. 2002
- 2006Pub. L. 109–356, title I, § 123(f), , 120 Stat. 2029.
Show as published
(Aug. 17, 1950, ch. 729, § 1, 64 Stat. 455; Sept. 3, 1954, ch. 1263, § 24, 68 Stat. 1234; Pub. L. 109–351, title VII, § 725(f), , 120 Stat. 2002; Pub. L. 109–356, title I, § 123(f), , 120 Stat. 2029.)