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