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12 U.S.C. · Banks and Banking
12 U.S.C. § 53

When capital stock paid in

Ch. 2 — NATIONAL BANKS
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 2
Statutory Text

12 U.S.C. § 53 — When capital stock paid in

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 2 - NATIONAL BANKS SUBCHAPTER II - CAPITAL, STOCK, AND STOCKHOLDERS Sec. 53 - When capital stock paid in From the U.S. Government Publishing Office, www.gpo.gov

§53. When capital stock paid in

All of the capital stock of every national banking association shall be paid in before it shall be authorized to commence business.

(R.S. §5140; Pub. L. 86–230, §4, Sept. 8, 1959, 73 Stat. 457.)

Editorial Notes

Codification R.S. §5140 derived from act June 3, 1864, ch. 106, §14, 13 Stat. 103, which was the National Bank Act. See section 38 of this title.

Amendments 1959—Pub. L. 86–230 substituted requirement that all the capital stock of a national bank must be paid in before it commences business for permissive authority to be open for business upon payment of 50 per centum of the capital stock and installment payment of the remaining 50 per centum.

Source: uscode.house.gov — public domain Official Source ↗
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BS-USC12-SEC-3C8281
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STATUTE / FEDERAL-CODE-SECTION
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boisestandard.org
Citation
12 U.S.C. § 53
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Federal — United States
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PRIMARY-SOURCE
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08f6108567977fa0...
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The statutory text of 12 U.S.C. § 53 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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Ch. 2 — NATIONAL BANKS
12 U.S.C. § 2112 U.S.C. § 21a12 U.S.C. § 2212 U.S.C. § 2312 U.S.C. § 2412 U.S.C. § 24a12 U.S.C. § 2512 U.S.C. § 25a12 U.S.C. § 25b12 U.S.C. § 2612 U.S.C. § 2712 U.S.C. § 2812 U.S.C. § 2912 U.S.C. § 3012 U.S.C. § 3112 U.S.C. § 3212 U.S.C. § 3312 U.S.C. § 3512 U.S.C. § 3612 U.S.C. § 3712 U.S.C. § 3812 U.S.C. § 3912 U.S.C. § 4012 U.S.C. § 4112 U.S.C. § 4212 U.S.C. § 4312 U.S.C. § 5112 U.S.C. § 51a12 U.S.C. § 51b12 U.S.C. § 51b1
12 U.S.C. — public domain ← All Legislation
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boisestandard.org → United States → Law → U.S. Code → Title 12 → 12 U.S.C. § 53