12-U.S.C.-281

§281 – Capital

Pathway

Title 12 > Chapter 3 > Subchapter VI > Section 281

Details

• Reference: Section 281
• Legend: §281 – Capital
• USCode Year: 2013

Provision Content

No Federal reserve bank shall commence business with a subscribed capital less than $4,000,000.

(Dec. 23, 1913, ch. 6, §2 (part), 38 Stat. 253.)

Codification

Section is comprised of part of the thirteenth par. of section 2 of act Dec. 23, 1913. Some of the other provisions of the thirteenth par. are classified to section 224 of this title, and some were not included in the Code. For classification of other pars. of section 2 of this Act, see Codification note set out under section 222 of this title.

U.S. Encyclopedia of Law Coverage

12-U.S.C.-348 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-348, 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.-264 in the Legal Encyclopedia: Federal Reserve System

In this entry about 12-U.S.C.-264, find legal reference material, bibliographies and premiere content related to federal reserve system in the American Encyclopedia of Law, presenting a comprehensive view of the United States federal reserve system-specific issues, written by authorities in the field.

Topic Map

• Browse the Topic Map in relation with Title 12 (Banks And Banking) guided by subject interests.