12-U.S.C.-11
§11 – Interest In National Banks
Pathway
Title 12 > Chapter 1 > Section 11
Details
- Reference: Section 11
- Legend: §11 – Interest In National Banks
- USCode Year: 2013
Provision Content
It shall not be lawful for the Comptroller or the Deputy Comptroller of the Currency, either directly or indirectly, to hold an interest in any national bank or any Federal savings association.
(R.S. §329; Pub. L. 106–569, title XII, §1233(b), Dec. 27, 2000, 114 Stat. 3037; Pub. L. 111–203, title III, §314(c), July 21, 2010, 124 Stat. 1524.)
Codification
R.S. §329 derived from act June 3, 1864, ch. 106, §1, 13 Stat. 99, which was the National Bank Act. See section 38 of this title.
Amendments
2010—Pub. L. 111–203 inserted or any Federal savings association before the period.
2000—Pub. L. 106–569 substituted to hold an interest in any national bank for to be interested in any association issuing national currency under the laws of the United States.
Effective Date of 2010 Amendment
Amendment by Pub. L. 111–203 effective on the transfer date, see section 314(d) of Pub. L. 111–203, set out as a note under section 1 of this title.
U.S. Encyclopedia of Law Coverage
Title 12 – Banks And Banking in the Legal Encyclopedia: Banking Law
In this entry about Title 12 – Banks And Banking, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.
Title 12 – Banks And Banking in the Legal Encyclopedia: Credit Institutions
In this entry about Title 12 – Banks And Banking, find legal reference material, bibliographies and premiere content related to credit institutions in the American Encyclopedia of Law, presenting a comprehensive view of the United States credit institutions-specific issues, written by authorities in the field.
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