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12 U.S.C. § 4Deputy Comptrollers

submitted 103 years ago by Pub. L. 86-251 to r/title-12-BANKS-AND-BANKING · 102 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Secretary of the Treasury can appoint up to four Deputy Comptrollers of the Currency, naming one as First Deputy, and sets their pay. Each takes an oath and follows the Comptroller's directions, and if the Comptroller's office is vacant or the Comptroller is absent or unable to serve, a Deputy Comptroller fills in, in whatever order the Comptroller sets.

The Secretary of the Treasury may appoint no more than four Deputy Comptrollers of the Currency, naming one of them the First Deputy Comptroller, and sets their salaries. Each Deputy Comptroller must take the oath of office and perform whatever duties the Comptroller directs. If the Comptroller's office is vacant, or the Comptroller is absent or unable to serve, each Deputy Comptroller may hold the Comptroller's power and perform the Comptroller's duties, in the order of succession the Comptroller sets — starting with the First Deputy Comptroller.
the actual law source: uscode.house.gov ↗public domain

The Secretary of the Treasury shall appoint no more than four Deputy Comptrollers of the Currency, one of whom shall be designated First Deputy Comptroller of the Currency, and shall fix their salaries. Each Deputy Comptroller shall take the oath of office and shall perform such duties as the Comptroller shall direct. During a vacancy in the office or during the absence or disability of the Comptroller, each Deputy Comptroller shall possess the power and perform the duties attached by law to the office of the Comptroller under such order of succession following the First Deputy Comptroller as the Comptroller shall direct.

Source credit: (R.S. § 327; Mar. 4, 1923, ch. 252, § 209(b), 42 Stat. 1467; Pub. L. 86–251, § 1(a), Sept. 9, 1959, 73 Stat. 487; Pub. L. 92–310, title II, § 223(b), June 6, 1972, 86 Stat. 206.)

history & why it existsrecord from the source credit
  • 1923Enacted · Act of Mar. 4, 1923, ch. 252 · 42 Stat. 1467
  • 1959Amended · Pub. L. 86-251 · 73 Stat. 487
  • 1972Amended · Pub. L. 92-310 · 86 Stat. 206

A history note hasn’t been published yet. The record shows enactment by Pub. L. 86-251 on 1923-03-04.

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