12 U.S. Code § 196 - Expenses

All expenses of any preliminary or other examinations into the condition of any association shall be paid by such association. All expenses of any receivership shall be paid out of the assets of such association before distribution of the proceeds thereof.


(R.S. § 5238; Pub. L. 103–325, title VI, § 602(g)(13),Sept. 23, 1994, 108 Stat. 2294.)

R.S. § 5238 derived from act June 3, 1864, ch. 106, § 51,13 Stat. 115, which was the National Bank Act. See section 38 of this title.

1994—Pub. L. 103–325struck out at beginning “All fees for protesting the notes issued by any national banking association shall be paid by the person procuring the protest to be made, and such association shall be liable therefor; but no part of the bonds deposited by such association shall be applied to the payment of such fees.”

The table below lists the classification updates, since Jan. 3, 2012, 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 Tuesday, August 13, 2013

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.

12 USCDescription of ChangeSession YearPublic LawStatutes at Large


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