ALLcrimesfood&drugstaxestelecomcommercehealthconservationtransportationagricultureveteransbrowse all titles »
0

12 U.S.C. § 22Organization certificate

submitted 67 years ago by Pub. L. 86-230 to r/title-12-BANKS-AND-BANKING · 128 words · no verdicts yet

in plain englishAI-generated · not legal advice

People forming a national bank must sign an organization certificate. It must state the bank's name, location, stock amount and shares, shareholder names and holdings, and its purpose under title 62 of the Revised Statutes.

This law lists what people forming a national bank must include in their organization certificate. The persons uniting to form the association must, under their hands, make an organization certificate that specifically states: First, the name assumed by the association, which must include the word "national." Second, where its operations of discount and deposit will be carried on, naming the state, territory, or district, and the particular county and city, town, or village. Third, the amount of capital stock and the number of shares it's divided into. Fourth, the names and places of residence of the shareholders, and the number of shares held by each. Fifth, the fact that the certificate is made so these persons can avail themselves of the advantages of title 62 of the Revised Statutes.
the actual law source: uscode.house.gov ↗public domain

The persons uniting to form such an association shall, under their hands, make an organization certificate, which shall specifically state:

First. The name assumed by such association; which name shall include the word “national”.

Second. The place where its operations of discount and deposit are to be carried on, designating the State, Territory, or District, and the particular county and city, town, or village.

Third. The amount of capital stock and the number of shares into which the same is to be divided.

Fourth. The names and places of residence of the shareholders and the number of shares held by each of them.

Fifth. The fact that the certificate is made to enable such persons to avail themselves of the advantages of title 62 of the Revised Statutes.

Source credit: (R.S. § 5134; Pub. L. 86–230, § 25, Sept. 8, 1959, 73 Stat. 466; Pub. L. 97–320, title IV, § 405(b), Oct. 15, 1982, 96 Stat. 1512.)

history & why it existsrecord from the source credit
  • 1959Enacted · Pub. L. 86-230 · 73 Stat. 466
  • 1982Amended · Pub. L. 97-320 · 96 Stat. 1512

A history note hasn’t been published yet. The record shows enactment by Pub. L. 86-230 on 1959-09-08.

all 0 arguments · sorted by: best

0/280

no arguments yet — make the first case