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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. § 336 Certificates of stock; representation of stock of other corporations us united_states_code code_section 12 BANKS AND BANKING 3 FEDERAL RESERVE SYSTEM 336 12 U.S.C. § 336 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/s336 data/legal/raw/us/code/title-12/usc12.xml e7a2ff0b73f05a06526bf261b0ccd01b6de6ecdf3ade45536ea4a3f714909874 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa d97c1c206ad5b628a8af0b4f03f6c001c585d2fd52811b13aad30e68444726f4 2026-07-04 official
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12 U.S.C. § 336 - Certificates of stock; representation of stock of other corporations

Text

After August 23, 1935, no certificate evidencing the stock of any State member bank shall bear any statement purporting to represent the stock of any other corporation, except a member bank or a corporation engaged on June 16, 1934, in holding the bank premises of such member bank, nor shall the ownership, sale, or transfer of any certificate representing the stock of any State member bank be conditioned in any manner whatsoever upon the ownership, sale, or transfer of a certificate representing the stock of any other corporation, except a member bank or a corporation engaged on June 16, 1934 in holding the bank premises of such member bank: Provided, That this subchapter shall not operate to prevent the ownership, sale, or transfer of stock of any other corporation being conditioned upon the ownership, sale, or transfer of a certificate representing stock of a State member bank.

(Dec. 23, 1913, ch. 6, § 9 (par.), as added June 16, 1933, ch. 89, § 5(c), 48 Stat. 165; amended Aug. 23, 1935, ch. 614, title III, § 310(b), 49 Stat. 710.)

Notes

Editorial Notes

References in TextThis subchapter, referred to in text, was in the original “this section”, meaning section 9 of act Dec. 23, 1913, which is classified generally to this subchapter (§ 321 et seq.).

Codification Section is comprised of the twenty-first par. of section 9 of act Dec. 23, 1913, as amended. The twenty-first par. constituted the nineteenth par. of section 9 in 1933 (48 Stat. 165), became the twentieth par. in 1935 (49 Stat. 704), and became the twenty-first par. in 1950 (64 Stat. 458). For further details, see Codification notes set out under sections 321 and 329a of this title.

Amendments1935—Act Aug. 23, 1935, among other changes, inserted proviso.