12-U.S.C.-30
§30 – Change of Name Or Location
Pathway
Title 12 > Chapter 2 > Subchapter I > Section 30
Details
- Reference: Section 30
- Legend: §30 – Change of Name Or Location
- USCode Year: 2013
Provision Content
(a) Name change
Any national banking association, upon written notice to the Comptroller of the Currency, may change its name, except that such new name shall include the word National.
(b) Location change
Any national banking association, upon written notice to the Comptroller of the Currency, may change the location of its main office to any authorized branch location within the limits of the city, town, or village in which it is situated, or, with a vote of shareholders owning two-thirds of the stock of such association for a relocation outside such limits and upon receipt of a certificate of approval from the Comptroller of the Currency, to any other location within or outside the limits of the city, town, or village in which it is located, but not more than thirty miles beyond such limits.
(c) Coordination with section 36 of this title
In the case of a national bank which relocates the main office of such bank from 1 State to another State after May 31, 1997, the bank may retain and operate branches within the State from which the bank relocated such office only to the extent authorized in section 36(e)(2) of this title.
(d) Retention of Federal in name of converted Federal savings association
(1) In general
Notwithstanding subsection (a) of this section or any other provision of law, any depository institution, the charter of which is converted from that of a Federal savings association to a national bank or a State bank after November 12, 1999, may retain the term Federal in the name of such institution if such institution remains an insured depository institution.
(2) Definitions
For purposes of this subsection, the terms depository institution, insured depository institution, national bank, and State bank have the meanings given those terms in section 1813 of this title.
(May 1, 1886, ch. 73, §2, 24 Stat. 18; Pub. L. 86–230, §3, Sept. 8, 1959, 73 Stat. 457; Pub. L. 97–320, title IV, §405(a), Oct. 15, 1982, 96 Stat. 1512; Pub. L. 97–457, §19(a), Jan. 12, 1983, 96 Stat. 2509; Pub. L. 103–328, title I, §102(b)(2), Sept. 29, 1994, 108 Stat. 2350; Pub. L. 106–102, title VII, §723, Nov. 12, 1999, 113 Stat. 1471.)
Amendments
1999—Subsec. (d). Pub. L. 106–102 added subsec. (d).
1994—Subsec. (c). Pub. L. 103–328 added subsec. (c).
1983—Subsec. (b). Pub. L. 97–457 inserted for a relocation outside such limits after stock of such association.
1982—Pub. L. 97–320 designated existing provisions as subsec. (a), substituted provisions permitting a change of name upon written notice to the Comptroller, such new name to include National, for provisions permitting a change of name or location of the main office, with approval of the Comptroller, within city limits, etc., or outside such limits by vote of shareholders, such change to be validated by certificate of approval, and added subsec. (b).
1959—Pub. L. 86–230 required approval of Comptroller of the Currency before a national bank could change location of its main office within the limitations of the city, town, or village in which it is situated.
Exception as to Transfer of Functions
Functions vested by any provision of law in Comptroller of the Currency, referred to in this section, not included in transfer of functions to Secretary of the Treasury, see note set out under section 1 of this title.
U.S. Encyclopedia of Law Coverage
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Chapter 19 – Security Measures For Banks and Savings Associations in the Legal Encyclopedia: Banks
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