FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER XIII—RECEIVERSHIP
Expenses
12 U.S.C. § 196
Title12 — Banks and Banking
ChapterSUBCHAPTER XIII—RECEIVERSHIP
This text of 12 U.S.C. § 196 (Expenses) 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. § 196.
Text
All expenses of any preliminary or other examinations into the condition of any association shall be paid by such association. All expenses of any receivership shall be paid out of the assets of such association before distribution of the proceeds thereof.
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Related
Hardee v. American Security & Trust Co.
77 F.2d 382 (D.C. Circuit, 1935)
Land Title Bank & Trust Co. v. Ward
20 F. Supp. 810 (E.D. Pennsylvania, 1937)
Wilson v. Awalt
2 F. Supp. 465 (M.D. Pennsylvania, 1933)
Ward v. United States
65 F. Supp. 9 (E.D. Arkansas, 1946)
Source Credit
History
(R.S. §5238; Pub. L. 103–325, title VI, §602(g)(13), Sept. 23, 1994, 108 Stat. 2294.)
Editorial Notes
Editorial Notes
Codification
R.S. §5238 derived from act June 3, 1864, ch. 106, §51, 13 Stat. 115, which was the National Bank Act. See section 38 of this title.
Amendments
1994—Pub. L. 103–325 struck out at beginning "All fees for protesting the notes issued by any national banking association shall be paid by the person procuring the protest to be made, and such association shall be liable therefor; but no part of the bonds deposited by such association shall be applied to the payment of such fees."
Codification
R.S. §5238 derived from act June 3, 1864, ch. 106, §51, 13 Stat. 115, which was the National Bank Act. See section 38 of this title.
Amendments
1994—Pub. L. 103–325 struck out at beginning "All fees for protesting the notes issued by any national banking association shall be paid by the person procuring the protest to be made, and such association shall be liable therefor; but no part of the bonds deposited by such association shall be applied to the payment of such fees."
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Bluebook (online)
12 U.S.C. § 196, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/196.