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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. § 67 Individual liability of shareholders; compromises; authority of receiver us united_states_code code_section 12 BANKS AND BANKING 2 NATIONAL BANKS 67 12 U.S.C. § 67 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/s67 data/legal/raw/us/code/title-12/usc12.xml 9b99c8a5f64f4d8f088215227790596e73bcd8d43c594bf1e5668db4c7a39014 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 1ef9a53bba6aa9b7c64369e3e5ac1f37ff485a68f59db319f9c2a63abf996a23 2026-07-04 official
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12 U.S.C. § 67 - Individual liability of shareholders; compromises; authority of receiver

Text

Any receiver of a national banking association is authorized, with the approval of the Comptroller of the Currency and upon the order of a court of record of competent jurisdiction, to compromise, either before or after judgment, the individual liability of any shareholder of such association.

(Feb. 25, 1930, ch. 58, 46 Stat. 74.)

Notes

Statutory Notes and Related Subsidiaries

Application to District of ColumbiaProvisions of this section were made applicable to banks, etc., in the District of Columbia by act Mar. 4, 1933, ch. 274, § 4, 47 Stat. 1567.

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 to Secretary of the Treasury, see note set out under section 1 of this title.