2016 US Code
Title 12 - Banks and Banking
Chapter 2 - National Banks
Subchapter II - Capital, Stock, and Stockholders
Sec. 51c - "Common stock", "capital", and "capital stock" defined
| 12 U.S.C. § 51c (2016) |
| §51c. "Common stock", "capital", and "capital stock" defined |
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The term "common stock" as used in sections 51a, 51b, 51c, and 51d 1 of this title means stock of national banking associations other than preferred stock issued under the provisions of said sections. The term "capital" as used in provisions of law relating to the capital of national banking associations shall mean the amount of unimpaired common stock plus the amount of preferred stock outstanding and unimpaired; and the term "capital stock", as used in sections 101, 177, and 178 1 of this title, shall mean only the amount of common stock outstanding. |
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(Mar. 9, 1933, ch. 1, title III, §303, 48 Stat. 5.) |
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REFERENCES IN TEXT
Section 51d of this title, referred to in text, was repealed by act June 30, 1947, ch. 166, title II, §206(b), (o), 61 Stat. 208. For effect of the repeal on outstanding debentures held by banks, see note under section 51b–1 of this title. Sections 101, 177, and 178 of this title, referred to in text, were repealed by Pub. L. 103–325, title VI, §602(f)(2), (5), Sept. 23, 1994, 108 Stat. 2292, 2293. |
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1 See References in Text note below. |
| United States Code, 2012 Edition, Supplement 4, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 2 - NATIONAL BANKS SUBCHAPTER II - CAPITAL, STOCK, AND STOCKHOLDERS Sec. 51c - Common stock", "capital", and "capital stock" defined |
| section 51c |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 48 Stat. 5 61 Stat. 208 108 Stat. 2292 |
| Public Law 103-325 |
