Title 12 — Banks and Banking
Chapter 2. National Banks
140 sections
Subchapter I — Organization and General Provisions
- 21Formation of national banking associations; incorporators; articles of association
- 21aAmendment of articles of association
- 22Organization certificate
- 23Acknowledgment and filing of certificate
- 24Corporate powers of associations
- 24aFinancial subsidiaries of national banks
- 25Omitted
- 25aParticipation by national banks in lotteries and related activities
- 25bState law preemption standards for national banks and subsidiaries clarified
- 26Comptroller to determine if association can commence business
- 27Certificate of authority to commence banking
- 28Repealed. Pub. L. 103–325, title VI, § 602(e)(1)
- 29Power to hold real property
- 30Change of name or location
- 31Rights and liabilities as affected by change of name
- 32Liabilities and suits as affected by change of name or location
- 33 to 34cTransferred
- 35Organization of State banks as national banking associations
- 36Branch banks
- 37Associations governed by chapter
- 38The National Bank Act
- 39Reservation of rights of associations organized under Act of 1863
- 40Virgin Islands; extension of National Bank Act
- 41Guam; extension of National Bank Act
- 42Territorial application
- 43Interpretations concerning preemption of certain State laws
Subchapter II — Capital, Stock, and Stockholders
- 51Repealed. Pub. L. 106–569, title XII, § 1233(c)
- 51aPreferred stock; issuance authorized
- 51bDividends, voting, and retirement of preferred stock; individual liability
- 51b–1Consideration of preferred stock in determining impairment of capital; dividends; retirement
- 51c“Common stock”, “capital”, and “capital stock” defined
- 51d to 51fRepealed. June 30, 1947, ch. 166
- 52Par value and incidents of stock; transfer of shares
- 53When capital stock paid in
- 54Repealed. Pub. L. 86–230, § 5
- 55Enforcing payment of deficiency in capital stock; assessments; liquidation; receivership
- 56Prohibition on withdrawal of capital; unearned dividends
- 57Increase of capital by provision in articles of association
- 58Repealed. Pub. L. 86–230, § 6
- 59Reduction of capital
- 60National bank dividends
- 61Shareholders’ voting rights; cumulative and distributive voting; preferred stock; trust shares; proxies, liability restrictions; percentage requirement exclusion of trust shares
- 62List of shareholders
- 63, 64Repealed. Pub. L. 86–230, § 7
- 64aIndividual liability of shareholders; limitation on liability
- 65Repealed. Pub. L. 86–230, § 8
- 66Personal liability of representatives of stockholders
- 67Individual liability of shareholders; compromises; authority of receiver
Subchapter III — Directors
- 71Election
- 71aNumber of directors; penalties
- 72Qualifications
- 73Oath
- 74Vacancies
- 75Legal holiday, annual meeting on; proceedings where no election held on proper day
- 76President of bank as member of board; chairman of board
- 77Repealed. Pub. L. 89–695, title II, § 207
- 78Repealed. Pub. L. 106–102, title I, § 101(b)
Subchapter IV — Regulation of the Banking Business; Powers and Duties of National Banks
- 81Place of business
- 82Repealed. Pub. L. 97–320, title IV, § 402
- 83Loans by bank on its own stock
- 84Lending limits
- 85Rate of interest on loans, discounts and purchases
- 86Usurious interest; penalty for taking; limitations
- 86aOmitted
- 87 to 89Repealed. Pub. L. 103–325, title VI, § 602(e)(2)
- 90Depositaries of public moneys and financial agents of Government
- 91Transfers by bank and other acts in contemplation of insolvency
- 92Acting as insurance agent or broker
- 92aTrust powers
- 93Violation of provisions of chapter
- 93aAuthority to prescribe rules and regulations
- 94Venue of suits
- 94aRepealed. June 25, 1948, ch. 646, § 39
- 95Emergency limitations and restrictions on business of members of Federal Reserve System; designation of legal holiday for national banking associations; exceptions; “State” defined
- 95a, 95bOmitted
Subchapter V — Obtaining and Issuing Circulating Notes
Subchapter VI — Redemption and Replacement of Circulating Notes
- 121Repealed. Pub. L. 103–325, title VI, § 602(f)(4)(B)
- 121aRedemption of notes unidentifiable as to bank of issue
- 122Repealed. Pub. L. 97–258, § 5(b)
- 122aRedeemed notes of unidentifiable issue; funds charged against
- 123 to 126Repealed. Pub. L. 103–325, title VI, § 602(e)(12)
- 127Repealed. Pub. L. 89–554, § 8(a)
Subchapter VII — Proceedings on Failure of Bank to Redeem Circulating Notes
Subchapter VIII — Reserve Cities; Lawful Reserves
Subchapter IX — Formation of Associations to Issue Gold Notes
Subchapter X — Bank Examinations; Reports
Subchapter XI — Miscellaneous Provisions Regarding United States Bonds in Relation to National Banks
Subchapter XII — Voluntary Dissolution
Subchapter XIII — Receivership
- 191Appointment of receiver for a national bank
- 192Default in payment of circulating notes
- 193Notice to present claims
- 194Dividends on adjusted claims; distribution of assets
- 195Repealed. Pub. L. 103–325, title VI, § 602(e)(36)
- 196Expenses
- 197Shareholders’ meeting; continuance of receivership; appointment of agent; winding up business; distribution of assets
- 197aResumption of business by closed bank on consent of depositors
- 198Purchase by receiver of property of bank; request to Comptroller
- 199Approval of request
- 200Payment
Subchapter XIV — Bank Conservation Act
- 201Short title
- 202Definitions
- 203Appointment of conservator
- 204Examinations
- 205Termination of conservatorship
- 206Conservator; powers and duties
- 207, 208Repealed. Pub. L. 101–73, title VIII, § 808
- 209Liability protection
- 210Governmental powers unimpaired
- 211Rules and regulations
- 212Right to amend; separability
- 213Transferred
Subchapter XV — Conversion of National Banks Into State Banks
Subchapter XVI — Consolidation and Merger
- 215Consolidation of banks within same State
- 215aMerger of national banks or State banks into national banks
- 215a–1Interstate consolidations and mergers
- 215a–2Expedited procedures for certain reorganizations
- 215a–3Mergers and consolidations with subsidiaries and nonbank affiliates
- 215bDefinitions
- 215cMergers, consolidations, and other acquisitions authorized