12 U.S.C. § 200 — Payment

FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER XIII—RECEIVERSHIP

Payment

12 U.S.C. § 200

ChapterSUBCHAPTER XIII—RECEIVERSHIP

This text of 12 U.S.C. § 200 (Payment) 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. § 200.

Text

Whenever any such request shall be allowed as hereinbefore provided, the said Comptroller of the Currency shall be, and is, empowered to draw upon and from such funds of any such trust as may be deposited with the Treasurer of the United States for the benefit of the bank in interest, to the amount as may be recommended and allowed and for the purpose for which such allowance was made: Provided, however, That all payments to be made for or on account of the purchase of any such property and under any such allowance shall be made by the Comptroller of the Currency direct, with the approval of the Secretary of the Treasury, for such purpose only and in such manner as he may determine and order.

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Whenever any such request shall be allowed as hereinbefore provided, the said Comptroller of the Currency shall be, and is, empowered to draw upon and from such funds of any such trust as may be deposited with the Treasurer of the United States for the benefit of the bank in interest, to the amount as may be recommended and allowed and for the purpose for which such allowance was made: Provided, however, That all payments to be made for or on account of the purchase of any such property and under any such allowance shall be made by the Comptroller of the Currency direct, with the approval of the Secretary of the Treasury, for such purpose only and in such manner as he may determine and order.

Source Credit

History

(Mar. 29, 1886, ch. 28, §3, 24 Stat. 8.)

Editorial Notes

Statutory Notes and Related Subsidiaries

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.

Executive Documents

Transfer of Functions
For transfer of functions to Secretary of the Treasury, see note set out under section 55 of this title.

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Bluebook (online)

12 U.S.C. § 200, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/200.