2013 US Code
Title 12 - Banks and Banking
Chapter 2 - NATIONAL BANKS (§§ 21 - 216d)
Subchapter II - CAPITAL, STOCK, AND STOCKHOLDERS (§§ 51 - 67)
Section 53 - When capital stock paid in
| Publication Title | United States Code, 2012 Edition, Supplement 1, Title 12 - BANKS AND BANKING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 12 - BANKS AND BANKING CHAPTER 2 - NATIONAL BANKS SUBCHAPTER II - CAPITAL, STOCK, AND STOCKHOLDERS Sec. 53 - When capital stock paid in |
| Contains | section 53 |
| Date | 2013 |
| Laws in Effect as of Date | January 16, 2014 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | R.S. §5140; Pub. L. 86-230, §4, Sept. 8, 1959, 73 Stat. 457. |
| Statutes at Large References | 13 Stat. 103 73 Stat. 457 |
| Public Law References | Public Law 86-230 |
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All of the capital stock of every national banking association shall be paid in before it shall be authorized to commence business.
(R.S. §5140; Pub. L. 86–230, §4, Sept. 8, 1959, 73 Stat. 457.)
CODIFICATIONR.S. §5140 derived from act June 3, 1864, ch. 106, §14, 13 Stat. 103, which was the National Bank Act. See section 38 of this title.
AMENDMENTS1959—Pub. L. 86–230 substituted requirement that all the capital stock of a national bank must be paid in before it commences business for permissive authority to be open for business upon payment of 50 per centum of the capital stock and installment payment of the remaining 50 per centum.
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