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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. § 285 Nonvoting stock us united_states_code code_section 12 BANKS AND BANKING 3 FEDERAL RESERVE SYSTEM 285 12 U.S.C. § 285 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/s285 data/legal/raw/us/code/title-12/usc12.xml 72c65152d174ce4ea2bc810c7727d77e4686162177d9819c4d9863ef00f9e41f e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 0eccda9a41e883ef29841ce238dd87ecfcf4cdc654772caf8a68b51df1ef815a 2026-07-04 official
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12 U.S.C. § 285 - Nonvoting stock

Text

Stock not held by member banks shall not be entitled to voting power.

(Dec. 23, 1913, ch. 6, § 2 (par.), 38 Stat. 253.)

Notes

Editorial Notes

Codification Section is comprised of the eleventh par. of section 2 of act Dec. 23, 1913. For classification of other pars. of section 2 of this Act, see Codification note set out under section 222 of this title.