12 U.S.C. § 1769 — Separability; right to alter, amend, or repeal chapter

submitted 92 years ago by Pub. L. 86-354 to r/title-12-BANKS-AND-BANKING · 68 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section preserves the rest of the chapter if one provision is invalid and reserves the power to change or repeal the chapter and its charters.

(a) If a court holds a provision of this chapter, or its application to a person or circumstance, invalid, the rest of the chapter and its application to other people or circumstances remain unaffected. (b) The right to alter, amend, or repeal this chapter or any part of it, or any charter issued under it, is expressly reserved.

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

(a)

If any provision of this chapter, or the application thereof to any person or circumstance, is held invalid, the remainder of the chapter, and the application of such provision to other persons or circumstances, shall not be affected thereby.

(b)

The right to alter, amend, or repeal this chapter or any part thereof, or any charter issued pursuant to the provisions of this chapter, is expressly reserved.

Source credit: (June 26, 1934, ch. 750, title I, § 123, formerly § 24, as added Pub. L. 86–354, § 1, Sept. 22, 1959, 73 Stat. 637; renumbered title I, § 123, Pub. L. 91–468, § 1(2), Oct. 19, 1970, 84 Stat. 994.)

history & why it existsrecord from the source credit

1934Enacted · Pub. L. 86-354 · 73 Stat. 637
1970Amended · Pub. L. 91-468 · 84 Stat. 994

A history note hasn’t been published yet. The record shows enactment by Pub. L. 86-354 on 1934-06-26.

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