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>
42 lines
2.1 KiB
Markdown
42 lines
2.1 KiB
Markdown
---
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type: "LegalText"
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title: "12 U.S.C. § 51c"
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description: "“Common stock”, “capital”, and “capital stock” defined"
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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: "2"
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chapter_name: "NATIONAL BANKS"
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section: "51c"
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citation: "12 U.S.C. § 51c"
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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/s51c"
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source_file: "data/legal/raw/us/code/title-12/usc12.xml"
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source_hash: "d4e971cea1240f5d619b66e09f663fd563f2b58a8f4b527fc14cfc9a884db6ca"
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raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
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text_hash: "477d27fe12928ed27248ef24c8809302c4ce5f043b48b67c905061c9d3229f0f"
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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. § 51c - “Common stock”, “capital”, and “capital stock” defined
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## Text
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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.
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(Mar. 9, 1933, ch. 1, title III, § 303, 48 Stat. 5.)
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## Notes
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Editorial Notes
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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 51b–1 of this title. Sections 101, 177, and 178 of this title, referred to in text, were repealed by Pub. L. 103–325, title VI, § 602(f)(2), (5), Sept. 23, 1994, 108 Stat. 2292, 2293.
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