12-U.S.C.-283
§283 – Public Subscription to Capital Stock
Pathway
Title 12 > Chapter 3 > Subchapter VI > Section 283
Details
- Reference: Section 283
- Legend: §283 – Public Subscription to Capital Stock
- USCode Year: 2013
Provision Content
No individual, copartnership, or corporation other than a member bank of its district shall be permitted to subscribe for or to hold at any time more than $25,000 par value of stock in any Federal reserve bank. Such stock shall be known as public stock and may be transferred on the books of the Federal reserve bank by the chairman of the board of directors of such bank.
(Dec. 23, 1913, ch. 6, §2 (par.), 38 Stat. 253.)
Codification
Section is comprised of the ninth par. of section 2 of act Dec. 23, 1913. 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.-283 in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-283, 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.
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