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

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LegalText 12 U.S.C. § 1466a District associations us united_states_code code_section 12 BANKS AND BANKING 12 SAVINGS ASSOCIATIONS 1466a 12 U.S.C. § 1466a 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/s1466a data/legal/raw/us/code/title-12/usc12.xml 2e4e982547390b46e21f507d9410046e7f68f304d17da9c45c00bd926e86adba e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa fb80f78f3621035698a525b1dd64791967008c10982ff03ef178d339f1db5da2 2026-07-04 official
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12 U.S.C. § 1466a - District associations

Text

(a) In general The Comptroller shall, with respect to all incorporated or unincorporated building, building or loan, building and loan, or homestead associations, and similar institutions, of or transacting or doing business in the District of Columbia, or maintaining any office in the District of Columbia (other than Federal savings associations), have the same powers and functions as to examination, operation, and regulation as the Comptroller has with respect to Federal savings associations.

(b) Additional powers Any such association or institution incorporated under the laws of, or organized in, the District of Columbia shall have in addition to any existing statutory authority such statutory authority as is vested in Federal savings associations.

(c) Charter amendments Charters, certificates of incorporation, articles of incorporation, constitutions, bylaws, or other organic documents of associations or institutions referred to in subsection (b) of this section may, without regard to anything contained therein or otherwise, be amended in such manner and to such extent and upon such votes if any as the Comptroller may by regulation or otherwise provide.

(d) Limitation Nothing in this section shall cause, or permit the Comptroller to cause, District of Columbia associations to be or become Federal savings associations, or require the Comptroller to impose on District of Columbia associations the same regulations as are imposed on Federal savings associations.

(June 13, 1933, ch. 64, § 8, as added Pub. L. 91609, title IX, § 913, Dec. 31, 1970, 84 Stat. 1815; amended Pub. L. 10173, title III, § 301, Aug. 9, 1989, 103 Stat. 315; Pub. L. 111203, title III, § 369(6), July 21, 2010, 124 Stat. 1563.)

Notes

Editorial Notes

Prior ProvisionsA prior section 8 of act June 13, 1933, ch. 64, 48 Stat. 134, was classified to section 1467 of this title, prior to repeal by act June 25, 1948, ch. 645, § 21, 62 Stat. 862, eff. Sept. 1, 1948.

Amendments2010—Pub. L. 111203 substituted “Comptroller” for “Director” wherever appearing. 1989—Pub. L. 10173 amended section generally, substituting provisions relating to Director and Federal savings associations for former provisions relating to Federal Home Loan Bank Board and Federal savings and loan associations.

Statutory Notes and Related Subsidiaries

Effective Date of 2010 AmendmentAmendment by Pub. L. 111203 effective on the transfer date, see section 351 of Pub. L. 111203, set out as a note under section 906 of Title 2, The Congress.