12-U.S.C.-131

§131 – §§131 to 138. Repealed. Pub. L. 103-325, Title Vi, §602(E)(14)-(21), Sept. 23, 1994, 108 Stat. 2292

Pathway

Title 12 > Chapter 2 > Subchapter VII > Section 131

Details

• Reference: Section 131
• Legend: §131 – §§131 to 138. Repealed. Pub. L. 103-325, Title Vi, §602(E)(14)-(21), Sept. 23, 1994, 108 Stat. 2292
• USCode Year: 2013

Provision Content

Section 131, R.S. §5226; June 20, 1874, ch. 343, §3, 18 Stat. 123, related to protest of notes and waiver of demand and notice of protest.

Section 132, R.S. §5227, related to appointment by Comptroller of the Currency of special agent to examine failure of national banking association to redeem its circulating notes and provided for forfeiture of associations bonds to United States based on findings of agent.

Section 133, R.S. §5228; Feb. 18, 1875, ch. 80, §1, 18 Stat. 320, prohibited banking associations from continuing in business after default.

Section 134, R.S. §5229, provided that, upon declaration of forfeiture of associations bonds, Comptroller of the Currency was to notify holders of circulating notes to present notes for payment and was authorized to cancel bonds pledged by association.

Section 135, R.S. §5232, related to disposition of redeemed notes and perpetuation of evidence of payment of such notes.

Section 136, R.S. §5233, related to cancellation of redeemed notes.

Section 137, R.S. §5230, provided Comptroller of the Currency with option of selling defaulting associations bonds at auction, rather than cancelling them, and granted United States paramount lien on all association assets in case of deficiencies from such sale.

Section 138, R.S. §5231, related to private sale of defaulting associations bonds by Comptroller of the Currency.

U.S. Encyclopedia of Law Coverage

12-U.S.C.-122 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-122, 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.

12-U.S.C.-92A in the Legal Encyclopedia: Credit Institutions

In this entry about 12-U.S.C.-92A, 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.

12-U.S.C.-90 in the Legal Encyclopedia: Banks

In this entry about 12-U.S.C.-90, find legal reference material, bibliographies and premiere content related to banks in the American Encyclopedia of Law, presenting a comprehensive view of the United States banks-specific issues, written by authorities in the field.

Topic Map

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