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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. § 11 Interest in national banks us united_states_code code_section 12 BANKS AND BANKING 1 THE COMPTROLLER OF THE CURRENCY 11 12 U.S.C. § 11 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/s11 data/legal/raw/us/code/title-12/usc12.xml 1fd20f2453243db80a4b6e2f5182a02a2ae6d03d93d7c8a8fcb01c5424da1142 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa d9979d5f8a8608b172ff308e4afcb21354981d4580c55cf6225a363165a95345 2026-07-04 official
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12 U.S.C. § 11 - Interest in national banks

Text

It shall not be lawful for the Comptroller or the Deputy Comptroller of the Currency, either directly or indirectly, to hold an interest in any national bank or any Federal savings association.

(R.S. § 329; Pub. L. 106569, title XII, § 1233(b), Dec. 27, 2000, 114 Stat. 3037; Pub. L. 111203, title III, § 314(c), July 21, 2010, 124 Stat. 1524.)

Notes

Editorial Notes

Codification R.S. § 329 derived from act June 3, 1864, ch. 106, § 1, 13 Stat. 99, which was the National Bank Act. See section 38 of this title.

Amendments2010—Pub. L. 111203 inserted “or any Federal savings association” before the period. 2000—Pub. L. 106569 substituted “to hold an interest in any national bank” for “to be interested in any association issuing national currency under the laws of the United States”.

Statutory Notes and Related Subsidiaries

Effective Date of 2010 AmendmentAmendment by Pub. L. 111203 effective on the transfer date, see section 314(d) of Pub. L. 111203, set out as a note under section 1 of this title.