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2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 21 Formation of national banking associations; incorporators; articles of association us united_states_code code_section 12 BANKS AND BANKING 2 NATIONAL BANKS 21 12 U.S.C. § 21 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/s21 data/legal/raw/us/code/title-12/usc12.xml e0b7bc23b5a09b857ad90aebc201c2e9e644b6c1e6b9d219af0e1e89a8fab6c1 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa ccb76066c7181c6e4d905a9d12e02f7c7239196c1cdb48662e2c475cf21fdca5 2026-07-04 official
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12 U.S.C. § 21 - Formation of national banking associations; incorporators; articles of association

Text

Associations for carrying on the business of banking under title 62 of the Revised Statutes may be formed by any number of natural persons, not less in any case than five. They shall enter into articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions, not inconsistent with law, which the association may see fit to adopt for the regulation of its business and the conduct of its affairs. These articles shall be signed by the persons uniting to form the association, and a copy of them shall be forwarded to the Comptroller of the Currency, to be filed and preserved in his office.

(R.S. § 5133.)

Notes

Editorial Notes

References in TextTitle 62 of the Revised Statutes, referred to in text, was in the original “this Title” meaning title LXII of the Revised Statutes, consisting of R.S. §§ 5133 to 5244, which are classified to this section and sections 16, 22 to 24a, 25a, 25b, 26, 27, 29, 35 to 37, 39, 43, 52, 53, 55 to 57, 59 to 62, 66, 71, 72 to 76, 81, 83 to 86, 90, 91, 93, 93a, 94, 141 to 144, 161, 164, 181, 182, 192 to 194, 196, 215c, 481 to 485, 501, 541, 548, and 582 of this title. See, also, sections 8, 333, 334, 475, 656, 709, 1004, and 1005 of Title 18, Crimes and Criminal Procedure. For complete classification of R.S. §§ 5133 to 5244 to the Code, see Tables.

Codification R.S. § 5133 derived from act June 3, 1864, ch. 106, § 5, 13 Stat. 100, which was the National Bank Act. See section 38 of this title.

Statutory Notes and Related Subsidiaries

Short Title of 2014 AmendmentPub. L. 113251, § 1, Dec. 18, 2014, 128 Stat. 2888, provided that: “This Act [enacting section 1308 of Title 18, Crimes and Criminal Procedure, amending sections 25a, 339, 1463, and 1829a of this title and sections 1952, 1953, and 1955 of Title 18, and enacting provisions set out as a note under section 25a of this title] may be cited as the American Savings Promotion Act.”

Executive Documents

Exception as to Transfer of Functions Functions vested by any provision of law in Comptroller of the Currency, referred to in this section, not included in transfer of functions to Secretary of the Treasury, see note set out under section 1 of this title.