---
type: "LegalText"
title: "12 U.S.C. § 78"
description: "Repealed. Pub. L. 106–102, title I, § 101(b), Nov. 12, 1999, 113 Stat. 1341"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 12
title_name: "BANKS AND BANKING"
chapter_number: "2"
chapter_name: "NATIONAL BANKS"
section: "78"
citation: "12 U.S.C. § 78"
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/s78"
source_file: "data/legal/raw/us/code/title-12/usc12.xml"
source_hash: "6dc499063a9050f3482ed1819b5318d46e5b655e330d47ea949e07dc96f34f9e"
raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
text_hash: "1b8051f0f5289cd61ac912cbae1174e903e4e7dc4786dc6410dac533ba288290"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---

# 12 U.S.C. § 78 - Repealed. Pub. L. 106–102, title I, § 101(b), Nov. 12, 1999, 113 Stat. 1341

## Notes

Section, acts June 16, 1933, ch. 89, § 32, 48 Stat. 194; Aug. 23, 1935, ch. 614, § 307, 49 Stat. 709, related to certain persons excluded from serving as officers, directors, or employees of member banks.

Statutory Notes and Related Subsidiaries

Effective Date of RepealRepeal effective 120 days after Nov. 12, 1999, see section 161 of Pub. L. 106–102, set out as an Effective Date of 1999 Amendment note under section 24 of this title.