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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. § 196 Expenses us united_states_code code_section 12 BANKS AND BANKING 2 NATIONAL BANKS 196 12 U.S.C. § 196 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/s196 data/legal/raw/us/code/title-12/usc12.xml 62206c731d46cd52e719b90138fe57dabf8f041004cd4305e51b6d0b72a2b702 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa db55dd9685202048b07fa29e6921e1855157f15f7bfa26624e1370a55c496202 2026-07-04 official
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12 U.S.C. § 196 - Expenses

Text

All expenses of any preliminary or other examinations into the condition of any association shall be paid by such association. All expenses of any receivership shall be paid out of the assets of such association before distribution of the proceeds thereof.

(R.S. § 5238; Pub. L. 103325, title VI, § 602(g)(13), Sept. 23, 1994, 108 Stat. 2294.)

Notes

Editorial Notes

Codification R.S. § 5238 derived from act June 3, 1864, ch. 106, § 51, 13 Stat. 115, which was the National Bank Act. See section 38 of this title.

Amendments1994—Pub. L. 103325 struck out at beginning “All fees for protesting the notes issued by any national banking association shall be paid by the person procuring the protest to be made, and such association shall be liable therefor; but no part of the bonds deposited by such association shall be applied to the payment of such fees.”