12 U.S.C. § 22 — Organization certificate
submitted 67 years ago by Pub. L. 86-230 to r/title-12-BANKS-AND-BANKING · 128 words · no verdicts yet
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.
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.)
- 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
no arguments yet — make the first case