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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 202 Definitions us united_states_code code_section 12 BANKS AND BANKING 2 NATIONAL BANKS 202 12 U.S.C. § 202 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s202 data/legal/raw/us/code/title-12/usc12.xml 3377e6cf09fa83ac5c40313cab6c2618f15df31e001a4bfb3f20276bec42c0a3 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 13accbf59138071dacd1e19a76fcbaf4f2ee859cd71b0c163eff310f2019cfdd 2026-07-04 official
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12 U.S.C. § 202 - Definitions

Text

As used in this subchapter, the term “bank” means any national banking association or any other financial institution chartered or licensed under Federal law and subject to the supervision of the Comptroller of the Currency; the term “voluntary dissolution and liquidation” means a transaction pursuant to section 181 of this title that involves the assumption of the banks insured deposit liabilities and the sale of the bank, or of control of the bank, as a going concern; and the term “State” means any State, Territory, or possession of the United States, and the Canal Zone.

(Mar. 9, 1933, ch. 1, title II, § 202, 48 Stat. 2; Pub. L. 10173, title VIII, § 801, Aug. 9, 1989, 103 Stat. 441; Pub. L. 109351, title VII, § 725(b), Oct. 13, 2006, 120 Stat. 2001; Pub. L. 109356, title I, § 123(b), Oct. 16, 2006, 120 Stat. 2028.)

Notes

Editorial Notes

References in TextFor definition of Canal Zone, referred to in text, see section 3602(b) of Title 22, Foreign Relations and Intercourse.

Amendments2006—Pub. L. 109351 and 109356 amended section identically, substituting “means any national” for “means (1) any national” and striking out “, and (2) any bank or trust company located in the District of Columbia and operating under the supervision of the Comptroller of the Currency” before first semicolon. 1989—Pub. L. 10173, § 801(1), in cl. (1), extended term “bank” to include any financial institution chartered or licensed under Federal law and subject to supervision of Comptroller of the Currency. Pub. L. 10173, § 801(2), in cl. (2), inserted definition of term “voluntary dissolution and liquidation”.