0
12 U.S.C. § 41 — Guam; extension of National Bank Act
submitted 70 years ago by ch. 852 to r/title-12-BANKS-AND-BANKING · 34 words · no verdicts yet
in plain englishAI-generated · not legal advice
The National Bank Act and other federal laws about national banks apply to Guam. They have applied since August 1, 1956. A rule applies only if it isn't locally inapplicable there.
This section extends U.S. banking law to Guam. The National Bank Act, along with every other Act of Congress relating to national banks, applies in Guam starting August 1, 1956.
But a rule only applies "insofar as not locally inapplicable" — the statute doesn't say what makes a rule locally inapplicable, so that term isn't defined here.
the actual law source: uscode.house.gov ↗public domain
The National Bank Act [12 U.S.C. 21 et seq.], and all other Acts of Congress relating to national banks, shall, insofar as not locally inapplicable after August 1, 1956, apply to Guam.
Source credit: (Aug. 1, 1956, ch. 852, § 2, 70 Stat. 908.)
history & why it existsrecord from the source credit
- 1956Enacted · Act of Aug. 1, 1956, ch. 852 · 70 Stat. 908
A history note hasn’t been published yet. The record shows enactment by ch. 852 on 1956-08-01.
all 0 arguments · sorted by: best
no arguments yet — make the first case