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

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


(R.S. § 5140; Pub. L. 86–230, § 4,Sept. 8, 1959, 73 Stat. 457.)

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.

1959—Pub. L. 86–230substituted requirement that all the capital stock of a national bank must be paid in before it commences business for permissive authority to be open for business upon payment of 50 per centum of the capital stock and installment payment of the remaining 50 per centum.

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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