---
type: "LegalText"
title: "12 U.S.C. § 1261"
description: "Repealed. Pub. L. 86–230, § 24, Sept. 8, 1959, 73 Stat. 466"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 12
title_name: "BANKS AND BANKING"
chapter_number: "9"
chapter_name: "NATIONAL AGRICULTURAL CREDIT CORPORATIONS"
section: "1261"
citation: "12 U.S.C. § 1261"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
source_identifier: "/us/usc/t12/s1261"
source_file: "data/legal/raw/us/code/title-12/usc12.xml"
source_hash: "2ab576202d2d75b4d776d6decd06c6f87bb425b7288865b5c918feaaf462ba7e"
raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
text_hash: "0d6c2154b5545550953faef186c1a8477d177d1643ab36ff0144ad4e9611d5ba"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---

# 12 U.S.C. § 1261 - Repealed. Pub. L. 86–230, § 24, Sept. 8, 1959, 73 Stat. 466

## Notes

Section, act Mar. 4, 1923, ch. 252, title II, § 211, 42 Stat. 1469, related to scope of authority of State to tax.