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12 U.S.C. § 1443 — Forms of bank stock and obligations

submitted 94 years ago by ch. 522 to r/title-12-BANKS-AND-BANKING · 42 words · no verdicts yet

in plain englishAI-generated · not legal advice

Stock and debt instruments issued under this chapter may be uncertificated and recorded by book entry, or certificated. The Director may set the governing rules, regulations, or guidelines.

Stock, debentures, bonds, notes, and other obligations issued under this chapter may be uncertificated using a book-entry system or certificated, under rules, regulations, or guidelines provided by the Director.

the actual law source: uscode.house.gov ↗public domain

Any stock, debentures, bonds, notes, or other obligations issued under the authority of this chapter may be issued in uncertificated form, utilizing a book entry method, or in certificated form under such rules, regulations, or guidelines as the Director 1 may provide.

Source credit: (July 22, 1932, ch. 522, § 23, 47 Stat. 739; Pub. L. 101–73, title VII, § 717, Aug. 9, 1989, 103 Stat. 422; Pub. L. 110–289, div. A, title II, § 1204(8), (12), July 30, 2008, 122 Stat. 2786.)

history & why it existsrecord from the source credit
  • 1932Enacted · Act of July 22, 1932, ch. 522 · 47 Stat. 739
  • 1989Amended · Pub. L. 101-73 · 103 Stat. 422
  • 2008Amended · Pub. L. 110-289 · 122 Stat. 2786

A history note hasn’t been published yet. The record shows enactment by ch. 522 on 1932-07-22.

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