FEDERAL · 12 U.S.C. · Chapter 2
Individual liability of shareholders; compromises; authority of receiver
Current through Pub. L. 119-99
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.
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12 U.S.C. § 67 (Individual liability of shareholders; compromises; authority of receiver) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
General Discount Corp. v. Schram
47 F. Supp. 845 (E.D. Michigan, 1942)
Oosterhuis v. Palmer
137 F.2d 322 (Second Circuit, 1943)
Therrell v. Commissioner of Internal Revenue
88 F.2d 869 (Fifth Circuit, 1937)
Goess v. A. D. H. Holding Corp.
85 F.2d 72 (Second Circuit, 1936)
Fidelity Trust Co. v. Colonial Trust Co.
175 F.2d 100 (Third Circuit, 1949)
McNeil, Rec'r v. Arrowsmith
168 S.E. 191 (Supreme Court of South Carolina, 1933)
Source Credit
History
(Feb. 25, 1930, ch. 58, 46 Stat. 74.)
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
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.
Executive Documents
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.