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2016 US Code
Title 12 - Banks and Banking
Chapter 2 - National Banks
Subchapter II - Capital, Stock, and Stockholders
Sec. 67 - Individual liability of shareholders; compromises; authority of receiver
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| 12 U.S.C. § 67 (2016) |
| §67. Individual liability of shareholders; compromises; authority of receiver |
|
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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(Feb. 25, 1930, ch. 58, 46 Stat. 74.) |
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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 COLUMBIAProvisions 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. |
| 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. 67 - Individual liability of shareholders; compromises; authority of receiver |
| section 67 |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 46 Stat. 74 47 Stat. 1567 |
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