Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
50 lines
2.2 KiB
Markdown
50 lines
2.2 KiB
Markdown
---
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type: "LegalText"
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title: "12 U.S.C. § 1444"
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description: "Eligibility to membership in banks"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 12
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title_name: "BANKS AND BANKING"
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chapter_number: "11"
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chapter_name: "FEDERAL HOME LOAN BANKS"
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section: "1444"
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citation: "12 U.S.C. § 1444"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
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source_identifier: "/us/usc/t12/s1444"
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source_file: "data/legal/raw/us/code/title-12/usc12.xml"
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source_hash: "b460dda7fa3bc2de2d38eb32a33e1bba716211763158114b5cc15073161cb33c"
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raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
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text_hash: "c19ea9851da3d2465aa792e2948f1ca00e9af18cccb4eb65c33d31037c65f2a7"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 12 U.S.C. § 1444 - Eligibility to membership in banks
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## Text
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(a) Any organization organized under the laws of any State and subject to inspection and regulation under the banking or similar laws of such State shall be eligible to become a member under this chapter if—
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(1) it is organized solely for the purpose of supplying credit to its members;
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(2) its membership (A) is confined exclusively to building and loan associations, savings and loan associations, cooperative banks, and homestead associations; or (B) is confined exclusively to savings banks; and
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(3) of the institutions to which its membership is confined which are organized within the State, its membership includes a majority of such institutions.
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(b) In all respects, but subject to such additional rules and regulations as the Director may provide, any such organization shall be a member for the purposes of this chapter.
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(July 22, 1932, ch. 522, § 24, 47 Stat. 739; Pub. L. 101–73, title VII, § 701(b)(1), (3)(A), Aug. 9, 1989, 103 Stat. 412; Pub. L. 110–289, div. A, title II, § 1204(8), July 30, 2008, 122 Stat. 2786.)
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## Notes
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Editorial Notes
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Amendments2008—Subsec. (b). Pub. L. 110–289 substituted “the Director” for “the Board”. 1989—Subsec. (b). Pub. L. 101–73 substituted “Board” for “board”.
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