The term “common stock” as used in sections
51d of this title means stock of national banking associations other than preferred stock issued under the provisions of said sections. The term “capital” as used in provisions of law relating to the capital of national banking associations shall mean the amount of unimpaired common stock plus the amount of preferred stock outstanding and unimpaired; and the term “capital stock”, as used in sections
178 of this title, shall mean only the amount of common stock outstanding.
(Mar. 9, 1933, ch. 1, title III, § 303,48 Stat. 5.)
References in Text
51d of this title, referred to in text, was repealed by act June 30, 1947, ch. 166, title II, § 206(b), (o),61 Stat. 208. For effect of the repeal on outstanding debentures held by banks, see note under section
51b–1 of this title.
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
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Description of Change
Statutes at Large
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