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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. § 53 When capital stock paid in us united_states_code code_section 12 BANKS AND BANKING 2 NATIONAL BANKS 53 12 U.S.C. § 53 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/s53 data/legal/raw/us/code/title-12/usc12.xml 546000296bb688364e0ccc14f70cc562484a4f0c61f5f63bed1adf9b792e5ba4 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa bf20a333101bb35fe2e7fb2fadc899e0b8e9232d7f6c39847bfcadff61a6179a 2026-07-04 official
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12 U.S.C. § 53 - When capital stock paid in

Text

All of the capital stock of every national banking association shall be paid in before it shall be authorized to commence business.

(R.S. § 5140; Pub. L. 86230, § 4, Sept. 8, 1959, 73 Stat. 457.)

Notes

Editorial Notes

Codification 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.

Amendments1959—Pub. L. 86230 substituted 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.