12 U.S.C. § 32 — Liabilities and suits as affected by change of name or location
submitted 140 years ago by ch. 73 to r/title-12-BANKS-AND-BANKING · 56 words · no verdicts yet
When a national bank changes its name or moves its location, this law says that change does not erase old debts or lawsuits. The bank stays liable under its old name, and any pending legal case continues.
Nothing contained in sections 30 and 31 of this title shall be so construed as in any manner to release any national banking association under its old name or at its old location from any liability, or affect any action or proceeding in law in which said association may be or become a party or interested.
Source credit: (May 1, 1886, ch. 73, § 4, 24 Stat. 19.)
- 1886Enacted · Act of May 1, 1886, ch. 73 · 24 Stat. 19
A history note hasn’t been published yet. The record shows enactment by ch. 73 on 1886-05-01.
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