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2016 US Code
Title 12 - Banks and Banking
Chapter 2 - National Banks
Subchapter II - Capital, Stock, and Stockholders
Sec. 53 - When capital stock paid in
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| 12 U.S.C. § 53 (2016) |
| §53. When capital stock paid in |
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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. |
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(R.S. §5140; Pub. L. 86–230, §4, Sept. 8, 1959, 73 Stat. 457.) |
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CODIFICATION
R.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. |
| 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. 53 - When capital stock paid in |
| section 53 |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 13 Stat. 103 73 Stat. 457 |
| Public Law 86-230 |
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