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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. § 51c “Common stock”, “capital”, and “capital stock” defined us united_states_code code_section 12 BANKS AND BANKING 2 NATIONAL BANKS 51c 12 U.S.C. § 51c 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/s51c data/legal/raw/us/code/title-12/usc12.xml d4e971cea1240f5d619b66e09f663fd563f2b58a8f4b527fc14cfc9a884db6ca e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 477d27fe12928ed27248ef24c8809302c4ce5f043b48b67c905061c9d3229f0f 2026-07-04 official
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12 U.S.C. § 51c - “Common stock”, “capital”, and “capital stock” defined

Text

The term “common stock” as used in sections 51a, 51b, 51c, and 51d 11 See References in Text note below. of this title means stock of national banking associations other than preferred stock issued under the provisions of said sections. The term “capital” as used in provisions of law relating to the capital of national banking associations shall mean the amount of unimpaired common stock plus the amount of preferred stock outstanding and unimpaired; and the term “capital stock”, as used in sections 101, 177, and 178 1 of this title, shall mean only the amount of common stock outstanding.

(Mar. 9, 1933, ch. 1, title III, § 303, 48 Stat. 5.)

Notes

Editorial Notes

References in TextSection 51d of this title, referred to in text, was repealed by act June 30, 1947, ch. 166, title II, § 206(b), (o), 61 Stat. 208. For effect of the repeal on outstanding debentures held by banks, see note under section 51b1 of this title. Sections 101, 177, and 178 of this title, referred to in text, were repealed by Pub. L. 103325, title VI, § 602(f)(2), (5), Sept. 23, 1994, 108 Stat. 2292, 2293.