§ 75. Legal holiday, annual meeting on; proceedings where no election held on proper day

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. undated

   R.S. § 5149

   Enacted · 12 U.S.C. § 75

   R.S. § 5149

   Unresolved: No Public Law or Statutes at Large citation in the Code source.

   Source evidence

   Code source credit
   R.S. § 5149

2. 1959

   Pub. L. 86–230 § 9 · 73 Stat. 457

   Amended · 12 U.S.C. § 75

   Pub. L. 86–230 provided that when the day fixed for the regular annual meeting of the shareholders falls on a legal holiday, the meeting shall be held on the next following banking day and authorized election of directors to be held within sixty days of a fixed day upon ten days’ notice to the shareholders by first-class mail instead of upon thirty days’ notice in newspaper and at a date designated in the articles or bylaws or by the shareholders

   Source evidence

   Code amendment note
   Pub. L. 86–230 provided that when the day fixed for the regular annual meeting of the shareholders falls on a legal holiday, the meeting shall be held on the next following banking day and authorized election of directors to be held within sixty days of a fixed day upon ten days’ notice to the shareholders by first-class mail instead of upon thirty days’ notice in newspaper and at a date designated in the articles or bylaws or by the shareholders.

   Enacted provision · exact public law section
   Sec. 9. Section 5149 of the Revised Statutes (12 U.S.C. 75) is amended to read as follows: “Sec. 5149. When the day fixed in the articles of association for the regular annual meeting of the shareholders falls on a legal holiday in the State in which the bank is located, the shareholders meeting shall be held, and the directors elected, on the next following banking day. If, from any cause, an election of directors is not made on the day fixed, or in the event of a legal holiday, on the next following banking day, an election may be held on any subsequent day within sixty days of the day fixed, to be designated by the board of directors, or, if the directors fail to fix the day, by shareholders representing two-thirds of the shares, at least ten days’ notice thereof in all cases having been given by first-class mail to the shareholders.”

3. 1963

   Pub. L. 88–232 § 2 · 77 Stat. 472

   Substituted · 12 U.S.C. § 75

   Pub. L. 88–232 substituted “bylaws” for “articles of association”

   Source evidence

   Code amendment note
   Pub. L. 88–232 substituted “bylaws” for “articles of association”.

   Enacted provision · exact public law section
   Sec. 2. The first sentence of section 5149 of the Revised Statutes (12 U.S.C. 75) is amended by striking out “articles of association” and inserting in lieu thereof “bylaws”.

2 of 3 references resolved to an enrolled provision · 1 unresolved