Title 12 — Banks and Banking
Chapter 6 — Foreign Banking
§ 620. Members of Board of Governors of the Federal Reserve System without interest in corporation
Statutory text
No member of the Board of Governors of the Federal Reserve System shall be an officer or director of any corporation organized under the provisions of this subchapter or of any corporation engaged in similar business organized under the laws of any State, nor hold stock in any such corporation, and before entering upon his duties as a member of the Board of Governors of the Federal Reserve System he shall certify under oath to the Secretary of the Treasury that he has complied with this requirement.
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.
Third Deficiency Appropriation Act, fiscal year 1919
Pub. L. 66–6 § 25A · 41 Stat. 35
Enacted · 12 U.S.C. § 620
Dec. 23, 1913, ch. 6, § 25A (par.), formerly § 25(a), as added Dec. 24, 1919, ch. 18, 41 Stat. 378
Source evidence
Code source credit
Dec. 23, 1913, ch. 6, § 25A (par.), formerly § 25(a), as added Dec. 24, 1919, ch. 18, 41 Stat. 378
0 of 1 references resolved to an enrolled provision · 1 partial
Editorial Notes
References in Text
This subchapter, referred to in text, was in the original “this section”, meaning section 25A of act , which is classified to this subchapter (§ 611 et seq.).
Codification
Section is comprised of par. 12 (undesignated) of section 25A of act , which comprises this subchapter. For complete classification of section 25A of this Act, see Codification note set out under section 611 of this title.
Statutory Notes and Related Subsidiaries
Change of Name
Section 203(a) of act , changed name of Federal Reserve Board to Board of Governors of the Federal Reserve System.
Credits
1913–1991 · 3 acts
- 1913Dec. 23, 1913, ch. 6, § 25A (par.), formerly § 25(a), as added Dec. 24, 1919, ch. 18, 41 Stat. 378
- 1935amended Aug. 23, 1935, ch. 614, title II, § 203(a), 49 Stat. 704
- 1991renumbered § 25A, Pub. L. 102–242, title I, § 142(e)(2), , 105 Stat. 2281.
Show as published
(Dec. 23, 1913, ch. 6, § 25A (par.), formerly § 25(a), as added Dec. 24, 1919, ch. 18, 41 Stat. 378; amended Aug. 23, 1935, ch. 614, title II, § 203(a), 49 Stat. 704; renumbered § 25A, Pub. L. 102–242, title I, § 142(e)(2), , 105 Stat. 2281.)