FEDERAL · 12 U.S.C. · Chapter 1
Interest in national banks
12 U.S.C. § 11
Title12 — Banks and Banking
Chapter1 — THE COMPTROLLER OF THE CURRENCY
This text of 12 U.S.C. § 11 (Interest in national banks) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
12 U.S.C. § 11.
Text
It shall not be lawful for the Comptroller or the Deputy Comptroller of the Currency, either directly or indirectly, to hold an interest in any national bank or any Federal savings association.
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Related
Rhode Island Depositors Economic Protection Corp. v. Mapleroot Development Corp.
710 A.2d 167 (Supreme Court of Rhode Island, 1998)
Divestiture of Stock and Purchase of Government Bonds by an Incoming Secretary of the Treasury
(Office of Legal Counsel, 2006)
Ri Depos. Econ. Prot. v. Mapleroot Dev.
710 A.2d 167 (Supreme Court of Rhode Island, 1998)
Source Credit
History
(R.S. §329; Pub. L. 106–569, title XII, §1233(b), Dec. 27, 2000, 114 Stat. 3037; Pub. L. 111–203, title III, §314(c), July 21, 2010, 124 Stat. 1524.)
Editorial Notes
Editorial Notes
Codification
R.S. §329 derived from act June 3, 1864, ch. 106, §1, 13 Stat. 99, which was the National Bank Act. See section 38 of this title.
Amendments
2010—Pub. L. 111–203 inserted "or any Federal savings association" before the period.
2000—Pub. L. 106–569 substituted "to hold an interest in any national bank" for "to be interested in any association issuing national currency under the laws of the United States".
Statutory Notes and Related Subsidiaries
Effective Date of 2010 Amendment
Amendment by Pub. L. 111–203 effective on the transfer date, see section 314(d) of Pub. L. 111–203, set out as a note under section 1 of this title.
Codification
R.S. §329 derived from act June 3, 1864, ch. 106, §1, 13 Stat. 99, which was the National Bank Act. See section 38 of this title.
Amendments
2010—Pub. L. 111–203 inserted "or any Federal savings association" before the period.
2000—Pub. L. 106–569 substituted "to hold an interest in any national bank" for "to be interested in any association issuing national currency under the laws of the United States".
Statutory Notes and Related Subsidiaries
Effective Date of 2010 Amendment
Amendment by Pub. L. 111–203 effective on the transfer date, see section 314(d) of Pub. L. 111–203, set out as a note under section 1 of this title.
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Bluebook (online)
12 U.S.C. § 11, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/11.