12 USC § 11 - Interest in national banks

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It shall not be lawful for the Comptroller or the Deputy Comptroller of the Currency, either directly or indirectly, to hold an interest in any national bank.

Source

(R.S. § 329; Pub. L. 106–569, title XII, § 1233(b),Dec. 27, 2000, 114 Stat. 3037; Pub. L. 111–203, title III, § 314(c),July 21, 2010, 124 Stat. 1524.)

Amendment of Section

Pub. L. 111–203, title III, § 314(c), (d),July 21, 2010, 124 Stat. 1524, provided that, effective on the transfer date, this section is amended by inserting before the period at the end the following: “or any Federal savings association”. See Effective Date of 2010 Amendment note below.

Codification

R.S. § 329 derived from act June 3, 1864, ch. 106, § 1,13 Stat. 99, which was the National Bank Act. See section 38 of this title.

Amendments

2000—Pub. L. 106–569substituted “to hold an interest in any national bank” for “to be interested in any association issuing national currency under the laws of the United States”.

Effective Date of 2010 Amendment

Amendment by Pub. L. 111–203effective on the transfer date, see section 314(d) ofPub. L. 111–203, set out as a note under section 1 of this title.

The table below lists the classification updates, since Jan. 7, 2011, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Friday, May 13, 2011

An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.

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Abbreviations used in the Description of Change column:

An empty field implies a standard amendment.
"new" means a new section or new note, or all new text of an existing section or note.
"nt" means note.
"nt [tbl]" means note [table].
"prec" means preceding.
"fr" means a transfer from another section.
"to" means a transfer to another section.
"omitted" means the section is omitted.
"repealed" means the section is repealed.
"nt ed change" and "ed change" - See the Editorial Classification Change Table [pdf].

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General Reference

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Refer to the Thomas site for changes that have not yet made it into the classification tables.

12 USC	Description of Change	Session Year	Public Law	Statutes at Large

This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

12 CFR - Title 12—Banks and Banking

12 CFR 1 - INVESTMENT SECURITIES

12 CFR 13 - GOVERNMENT SECURITIES SALES PRACTICES

12 CFR 14 - CONSUMER PROTECTION IN SALES OF INSURANCE

12 CFR 16 - SECURITIES OFFERING DISCLOSURE RULES

12 CFR 23 - LEASING

12 CFR 27 - FAIR HOUSING HOME LOAN DATA SYSTEM

12 CFR 28 - INTERNATIONAL BANKING ACTIVITIES

12 CFR 32 - LENDING LIMITS

12 CFR 34 - REAL ESTATE LENDING AND APPRAISALS

12 CFR 37 - DEBT CANCELLATION CONTRACTS AND DEBT SUSPENSION AGREEMENTS

12 CFR 41 - FAIR CREDIT REPORTING

12 CFR 5 - RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES

12 CFR 7 - BANK ACTIVITIES AND OPERATIONS

12 USC § 11 - Interest in national banks

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