12-U.S.C.-53

§53 – When Capital Stock Paid In

Pathway

Title 12 > Chapter 2 > Subchapter II > Section 53

Details

• Reference: Section 53
• Legend: §53 – When Capital Stock Paid In
• USCode Year: 2013

Provision Content

All of the capital stock of every national banking association shall be paid in before it shall be authorized to commence business.

(R.S. §5140; Pub. L. 86–230, §4, Sept. 8, 1959, 73 Stat. 457.)

Codification

R.S. §5140 derived from act June 3, 1864, ch. 106, §14, 13 Stat. 103, which was the National Bank Act. See section 38 of this title.

Amendments

1959—Pub. L. 86–230 substituted requirement that all the capital stock of a national bank must be paid in before it commences business for permissive authority to be open for business upon payment of 50 per centum of the capital stock and installment payment of the remaining 50 per centum.

U.S. Encyclopedia of Law Coverage

12-U.S.C.-28 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-28, 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.-39 in the Legal Encyclopedia: Credit Institutions

In this entry about 12-U.S.C.-39, 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.-36 in the Legal Encyclopedia: Banks

In this entry about 12-U.S.C.-36, 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

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