12 U.S.C. § 53 - When capital stock paid in

• Cite as: 12 U.S.C. § 53

All of the capital stock of every national banking association shall be paid in before it shall be authorized to commence business.

Cite as 12 U.S.C. § 53

Source: R.S. §5140; Pub. L. 86-230, §4, Sept. 8, 1959, 73 Stat. 457.

Notes from the Office of Law Revision Counsel

current through 5/22/2023

EDITORIAL NOTES

CODIFICATION

R.S. §5140 derived from act June 3, 1864, ch. 106, §14, 13 Stat. 103, which was the National Bank Act. See section 38 of this title.