FEDERAL · 12 U.S.C. · Chapter 17
Reservation of rights to States
Current through Pub. L. 119-102
(a)In general
No provision of this chapter shall be construed as preventing any State from exercising such powers and jurisdiction which it now has or may hereafter have with respect to companies, banks, bank holding companies, and subsidiaries thereof.
(b)State taxation authority not affected
No provision of this chapter shall be construed as affecting the authority of any State or political subdivision of any State to adopt, apply, or administer any tax or method of taxation to any bank, bank holding company, or foreign bank, or any affiliate of any bank, bank holding company, or foreign bank, to the extent that such tax or tax method is otherwise permissible by or under the Constitution of the United States or other Federal law.
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12 U.S.C. § 1846 (Reservation of rights to States) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
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447 U.S. 27 (Supreme Court, 1980)
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783 F.2d 360 (Third Circuit, 1986)
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952 F.2d 426 (D.C. Circuit, 1992)
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323 F.2d 290 (D.C. Circuit, 1963)
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323 F.2d 290 (D.C. Circuit, 1963)
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451 F.2d 86 (Eighth Circuit, 1971)
BT Investment Managers, Inc. v. Lewis
559 F.2d 950 (Fifth Circuit, 1977)
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Florida Association of Insurance Agents, Inc. v. Board of Governors of the Federal Reserve System
591 F.2d 334 (Fifth Circuit, 1979)
American Trust Co. v. South Carolina State Board of Bank Control
381 F. Supp. 313 (D. South Carolina, 1974)
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44 F.3d 388 (Sixth Circuit, 1994)
Independent Community Bankers Ass'n of South Dakota, Inc. v. Board of Governors of Federal Reserve System
820 F.2d 428 (D.C. Circuit, 1987)
Bank of New Orleans & Trust Co. v. Saxon
211 F. Supp. 576 (District of Columbia, 1962)
Marion National Bank of Marion v. Saxon
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Source Credit
History
(May 9, 1956, ch. 240, §7, 70 Stat. 138; Pub. L. 100–86, title I, §101(f), Aug. 10, 1987, 101 Stat. 563; Pub. L. 103–328, title I, §101(b), Sept. 29, 1994, 108 Stat. 2341.)
Editorial Notes
Editorial Notes
Amendments
1994—Pub. L. 103–328 designated existing provisions as subsec. (a), inserted heading, and added subsec. (b).
1987—Pub. L. 100–86 substituted "No provision of this chapter shall" for "The enactment by the Congress of this chapter shall not" and inserted "companies," before "banks,".
Statutory Notes and Related Subsidiaries
Effective Date of 1994 Amendment
Amendment by Pub. L. 103–328 effective at end of 1-year period beginning on Sept. 29, 1994, see section 101(e) of Pub. L. 103–328, set out as a note under section 1828 of this title.
Amendments
1994—Pub. L. 103–328 designated existing provisions as subsec. (a), inserted heading, and added subsec. (b).
1987—Pub. L. 100–86 substituted "No provision of this chapter shall" for "The enactment by the Congress of this chapter shall not" and inserted "companies," before "banks,".
Statutory Notes and Related Subsidiaries
Effective Date of 1994 Amendment
Amendment by Pub. L. 103–328 effective at end of 1-year period beginning on Sept. 29, 1994, see section 101(e) of Pub. L. 103–328, set out as a note under section 1828 of this title.