CHAPTER 2 — National Banks
140 sections.
SUBCHAPTER I — ORGANIZATION AND GENERAL PROVISIONS 26 sections
- § 21. — Formation of national banking associations; incorporators; articles of association
- § 21a. — Amendment of articles of association
- § 22. — Organization certificate
- § 23. — Acknowledgment and filing of certificate
- § 24. — Corporate powers of associations
- § 24a. — Financial subsidiaries of national banks
- § 25. — Omitted
- § 25a. — Participation by national banks in lotteries and related activities
- § 25b. — State law preemption standards for national banks and subsidiaries clarified
- § 26. — Comptroller to determine if association can commence business
- § 27. — Certificate of authority to commence banking
- § 28. — Repealed. Pub. L. 103–325, title VI, § 602(e)(1), Sept. 23, 1994, 108 Stat. 2291
- § 29. — Power to hold real property
- § 30. — Change of name or location
- § 31. — Rights and liabilities as affected by change of name
- § 32. — Liabilities and suits as affected by change of name or location
- §§ 33 to 34c. — Transferred
- § 35. — Organization of State banks as national banking associations
- § 36. — Branch banks
- § 37. — Associations governed by chapter
- § 38. — The National Bank Act
- § 39. — Reservation of rights of associations organized under Act of 1863
- § 40. — Virgin Islands; extension of National Bank Act
- § 41. — Guam; extension of National Bank Act
- § 42. — Territorial application
- § 43. — Interpretations concerning preemption of certain State laws
SUBCHAPTER II — CAPITAL, STOCK, AND STOCKHOLDERS 22 sections
- § 51. — Repealed. Pub. L. 106–569, title XII, § 1233(c), Dec. 27, 2000, 114 Stat. 3037
- § 51a. — Preferred stock; issuance authorized
- § 51b. — Dividends, voting, and retirement of preferred stock; individual liability
- § 51b–1. — Consideration of preferred stock in determining impairment of capital; dividends; retirement
- § 51c. — “Common stock”, “capital”, and “capital stock” defined
- §§ 51d to 51f. — Repealed. June 30, 1947, ch. 166, title II, § 206(b), (o), 61 Stat. 208
- § 52. — Par value and incidents of stock; transfer of shares
- § 53. — When capital stock paid in
- § 54. — Repealed. Pub. L. 86–230, § 5, Sept. 8, 1959, 73 Stat. 457
- § 55. — Enforcing payment of deficiency in capital stock; assessments; liquidation; receivership
- § 56. — Prohibition on withdrawal of capital; unearned dividends
- § 57. — Increase of capital by provision in articles of association
- § 58. — Repealed. Pub. L. 86–230, § 6, Sept. 8, 1959, 73 Stat. 457
- § 59. — Reduction of capital
- § 60. — National bank dividends
- § 61. — Shareholders’ voting rights; cumulative and distributive voting; preferred stock; trust shares; proxies, liability restrictions; percentage requirement exclusion of trust shares
- § 62. — List of shareholders
- §§ 63, 64. — Repealed. Pub. L. 86–230, § 7, Sept. 8, 1959, 73 Stat. 457
- § 64a. — Individual liability of shareholders; limitation on liability
- § 65. — Repealed. Pub. L. 86–230, § 8, Sept. 8, 1959, 73 Stat. 457
- § 66. — Personal liability of representatives of stockholders
- § 67. — Individual liability of shareholders; compromises; authority of receiver
SUBCHAPTER III — DIRECTORS 9 sections
- § 71. — Election
- § 71a. — Number of directors; penalties
- § 72. — Qualifications
- § 73. — Oath
- § 74. — Vacancies
- § 75. — Legal holiday, annual meeting on; proceedings where no election held on proper day
- § 76. — President of bank as member of board; chairman of board
- § 77. — Repealed. Pub. L. 89–695, title II, § 207, Oct. 16, 1966, 80 Stat. 1055
- § 78. — Repealed. Pub. L. 106–102, title I, § 101(b), Nov. 12, 1999, 113 Stat. 1341
SUBCHAPTER IV — REGULATION OF THE BANKING BUSINESS; POWERS AND DUTIES OF NATIONAL BANKS 18 sections
- § 81. — Place of business
- § 82. — Repealed. Pub. L. 97–320, title IV, § 402, Oct. 15, 1982, 96 Stat. 1510
- § 83. — Loans by bank on its own stock
- § 84. — Lending limits
- § 85. — Rate of interest on loans, discounts and purchases
- § 86. — Usurious interest; penalty for taking; limitations
- § 86a. — Omitted
- §§ 87 to 89. — Repealed. Pub. L. 103–325, title VI, § 602(e)(2)–(4), Sept. 23, 1994, 108 Stat. 2291
- § 90. — Depositaries of public moneys and financial agents of Government
- § 91. — Transfers by bank and other acts in contemplation of insolvency
- § 92. — Acting as insurance agent or broker
- § 92a. — Trust powers
- § 93. — Violation of provisions of chapter
- § 93a. — Authority to prescribe rules and regulations
- § 94. — Venue of suits
- § 94a. — Repealed. June 25, 1948, ch. 646, § 39, 62 Stat. 992, eff. Sept. 1, 1948
- § 95. — Emergency limitations and restrictions on business of members of Federal Reserve System; designation of legal holiday for national banking associations; exceptions; “State” defined
- §§ 95a, 95b. — Omitted
SUBCHAPTER V — OBTAINING AND ISSUING CIRCULATING NOTES 1 sections
SUBCHAPTER VI — REDEMPTION AND REPLACEMENT OF CIRCULATING NOTES 6 sections
- § 121. — Repealed. Pub. L. 103–325, title VI, § 602(f)(4)(B), Sept. 23, 1994, 108 Stat. 2292
- § 121a. — Redemption of notes unidentifiable as to bank of issue
- § 122. — Repealed. Pub. L. 97–258, § 5(b), Sept. 13, 1982, 96 Stat. 1068
- § 122a. — Redeemed notes of unidentifiable issue; funds charged against
- §§ 123 to 126. — Repealed. Pub. L. 103–325, title VI, § 602(e)(12), (13), (f)(4)(C), (6), Sept. 23, 1994, 108 Stat. 2292, 2293
- § 127. — Repealed. Pub. L. 89–554, § 8(a), Sept. 6, 1966, 80 Stat. 633
SUBCHAPTER VII — PROCEEDINGS ON FAILURE OF BANK TO REDEEM CIRCULATING NOTES 1 sections
SUBCHAPTER VIII — RESERVE CITIES; LAWFUL RESERVES 5 sections
- § 141. — Omitted
- § 142. — Banks in reserve cities; reserves
- § 143. — Banks in Alaska and insular possessions; lawful money reserves
- § 144. — Certain balances counted toward reserves in dependencies and insular possessions
- §§ 145, 146. — Repealed. Pub. L. 97–258, § 5(b), Sept. 13, 1982, 96 Stat. 1068
SUBCHAPTER IX — FORMATION OF ASSOCIATIONS TO ISSUE GOLD NOTES 1 sections
SUBCHAPTER X — BANK EXAMINATIONS; REPORTS 5 sections
SUBCHAPTER XI — MISCELLANEOUS PROVISIONS REGARDING UNITED STATES BONDS IN RELATION TO NATIONAL BANKS 3 sections
- §§ 168 to 177. — Repealed. Pub. L. 103–325, title VI, § 602(e)(24)–(31), (f)(4)(D), (5)(A), Sept. 23, 1994, 108 Stat. 2292, 2293
- § 177a. — Funds available for cost of transporting and redeeming national and Federal Reserve bank notes
- § 178. — Repealed. Pub. L. 103–325, title VI, § 602(f)(5)(B), Sept. 23, 1994, 108 Stat. 2293
SUBCHAPTER XII — VOLUNTARY DISSOLUTION 3 sections
SUBCHAPTER XIII — RECEIVERSHIP 11 sections
- § 191. — Appointment of receiver for a national bank
- § 192. — Default in payment of circulating notes
- § 193. — Notice to present claims
- § 194. — Dividends on adjusted claims; distribution of assets
- § 195. — Repealed. Pub. L. 103–325, title VI, § 602(e)(36), Sept. 23, 1994, 108 Stat. 2292
- § 196. — Expenses
- § 197. — Shareholders’ meeting; continuance of receivership; appointment of agent; winding up business; distribution of assets
- § 197a. — Resumption of business by closed bank on consent of depositors
- § 198. — Purchase by receiver of property of bank; request to Comptroller
- § 199. — Approval of request
- § 200. — Payment
SUBCHAPTER XIV — BANK CONSERVATION ACT 12 sections
- § 201. — Short title
- § 202. — Definitions
- § 203. — Appointment of conservator
- § 204. — Examinations
- § 205. — Termination of conservatorship
- § 206. — Conservator; powers and duties
- §§ 207, 208. — Repealed. Pub. L. 101–73, title VIII, § 808, Aug. 9, 1989, 103 Stat. 446
- § 209. — Liability protection
- § 210. — Governmental powers unimpaired
- § 211. — Rules and regulations
- § 212. — Right to amend; separability
- § 213. — Transferred
SUBCHAPTER XV — CONVERSION OF NATIONAL BANKS INTO STATE BANKS 5 sections
SUBCHAPTER XVI — CONSOLIDATION AND MERGER 7 sections
- § 215. — Consolidation of banks within same State
- § 215a. — Merger of national banks or State banks into national banks
- § 215a–1. — Interstate consolidations and mergers
- § 215a–2. — Expedited procedures for certain reorganizations
- § 215a–3. — Mergers and consolidations with subsidiaries and nonbank affiliates
- § 215b. — Definitions
- § 215c. — Mergers, consolidations, and other acquisitions authorized