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12 U.S.C. § 21 — Formation of national banking associations; incorporators; articles of association

Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 21 — Formation of national banking associations; incorporators; articles of association

Associations for carrying on the business of banking under title 62 of the Revised Statutes may be formed by any number of natural persons, not less in any case than five. They shall enter into articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions, not inconsistent with law, which the association may see fit to adopt for the regulation of its business and the conduct of its affairs. These articles shall be signed by the persons uniting to form the association, and a copy of them shall be forwarded to the Comptroller of the Currency, to be filed and preserved in his office.

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Source file: Laws/federal/codes/united-states-code/title-12/section-21-formation-of-national-banking-associations-incorporators-articles-of-ass--ccf1653e24.md
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Source location: Title 12, Chapter 2, § 21; chapter-002-national-banks.md

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Associations for carrying on the business of banking under title 62 of the Revised Statutes may be formed by any number of natural persons, not less in any case than five. They shall enter into articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions, not inconsistent with law, which the association may see fit to adopt for the regulation of its business and the conduct of its affairs. These articles shall be signed by the persons uniting to form the association, and a copy of them shall be forwarded to the Comptroller of the Currency, to be filed and preserved in his office.

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 21 — Formation of national banking associations;

§ 21. Formation of national banking associations; incorporators; articles of association Associations for carrying on the business of banking under title 62 of the Revised Statutes may be formed by any number of natural per- sons, not less in any case than five. They shall enter into articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions, not inconsistent with law, which the association may see fit to adopt for the regulation of its business and the conduct of its affairs. These articles shall be signed by the persons uniting to form the association, and a copy of them shall be forwarded to the Comp- troller of the Currency, to be filed and preserved in his office. (R.S. § 5133.) Editorial Notes REFERENCES IN TEXT Title 62 of the Revised Statutes, referred to in text, was in the original ‘‘this Title’’ meaning title LXII of the Revised Statutes, consisting of R.S. §§ 5133 to 5244, which are classified to this section and sections 16, 22 to 24a, 25a, 25b, 26, 27, 29, 35 to 37, 39, 43, 52, 53, 55 to 57, 59 to 62, 66, 71, 72 to 76, 81, 83 to 86, 90, 91, 93, 93a, 94, 141 to 144, 161, 164, 181, 182, 192 to 194, 196, 215c, 481 to 485, 501, 541, 548, and 582 of this title. See, also, sections 8, 333, 334, 475, 656, 709, 1004, and 1005 of Title 18, Crimes and Criminal Procedure. For complete classification of R.S. §§ 5133 to 5244 to the Code, see Tables. CODIFICATION R.S. § 5133 derived from act June 3, 1864, ch. 106, § 5, 13 Stat. 100, which was the National Bank Act. See sec- tion 38 of this title. Statutory Notes and Related Subsidiaries SHORT TITLE OF 2014 AMENDMENT Pub. L. 113–251, § 1, Dec. 18, 2014, 128 Stat. 2888, pro- vided that: ‘‘This Act [enac

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