12-U.S.C.-67

§67 – Individual Liability of Shareholders; Compromises; Authority of Receiver

Pathway

Title 12 > Chapter 2 > Subchapter II > Section 67

Details

• Reference: Section 67
• Legend: §67 – Individual Liability of Shareholders; Compromises; Authority of Receiver
• USCode Year: 2013

Provision Content

Any receiver of a national banking association is authorized, with the approval of the Comptroller of the Currency and upon the order of a court of record of competent jurisdiction, to compromise, either before or after judgment, the individual liability of any shareholder of such association.

(Feb. 25, 1930, ch. 58, 46 Stat. 74.)

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 to Secretary of the Treasury, see note set out under section 1 of this title.

Application to District of Columbia

Provisions of this section were made applicable to banks, etc., in the District of Columbia by act Mar. 4, 1933, ch. 274, §4, 47 Stat. 1567.

U.S. Encyclopedia of Law Coverage

12-U.S.C.-55 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-55, 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.-65 in the Legal Encyclopedia: Credit Institutions

In this entry about 12-U.S.C.-65, 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.-62 in the Legal Encyclopedia: Banks

In this entry about 12-U.S.C.-62, 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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