Browse Arkansas Code titles and sections
12 U.S.C. § 11 — Interest in national banks
Federal law — U.S. Code and appendices · legal_authorities
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.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 11
Stored review status: release_metadata_unconfirmed. A text match is a research starting point; applicability is not established.
Original supplied file — preserved unchanged
Download original Markdown file
File SHA-256: 5c7cb04c8c5ffa4b379c3847c60335fabea78938384f54d17d02f40fbe7ae36e. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. Search shows only the selected federal record. Historical editions and unverified snapshots are not a statement of current law.
Authority boundary: historical or unconfirmed source not current law verified.
Open the recorded source website ↗
Record provenance
Stable record: federal_law:legal_authorities:record_usc_1799d8c0aafd503fa69a9299
Source file: Laws/federal/codes/united-states-code/title-12/section-11-interest-in-national-banks--1eec1b9519.md
Pages: Not recorded – Not recorded
Passage SHA-256: 46798297e7f1bd798d3c68421cba50dca9ae3299070925e5b19def342f556393
Source location: Title 12, Chapter 1, § 11; chapter-001-the-comptroller-of-the-currency.md
Stored source content
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.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Office of the Comptroller of the Currency established** There is established in the Department of the Treasury a bureau to be known as the “Office of the Comptroller of the Currency” which is charged with assuring the safety and soundness of, and compliance with laws and regulations, fair access to financial services, and fair treatment of customers by, the institutions and other persons subject to its jurisdiction.
**(b) Comptroller of the Currency**
(1) **In general** — The chief officer of the Office of the Comptroller of the Currency shall be known as the Comptroller of the Currency. The Comptroller of the Currency shall perform the duties of the Comptroller of the Currency under the general direction of the Secretary of the Treasury. The Secretary of the Treasury may not delay or prevent the issuance of any rule or the promulgation of any regulation by the Comptroller of the Currency, and may not intervene in any matter or proceeding before the Comptroller of the Currency (including agency enforcement actions), unless otherwise specifically provided by law.
(2) **Additional authority** — The Comptroller of the Currency shall have the same authority with respect to functions transferred to the Comptroller of the Currency under the Enhancing Financial Institution Safety and Soundness Act of 2010 as was vested in the Director of the Office of Thrift Supervision on the transfer date, as defined in section 311 of that Act [[12 U.S.C. 5411](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section5411&num=0&edition=prelim)].
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
The Act entitled “An Act to provide a national currency secured by a pledge of United States bonds, and to provide for the circulation and redemption thereof,” approved June 3, 1864, shall be known as “The National Bank Act.”
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 38
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
Page 4
TITLE 12—BANKS AND BANKING
§ 8
Statutory Notes and Related Subsidiaries
SIMILAR PROVISIONS
Similar provisions were contained in act Feb. 17, 1922,
ch. 55, 42 Stat. 375, and in earlier appropriation acts.
Executive Documents
EXCEPTION AS TO TRANSFER OF FUNCTIONS
Functions vested by any provision of law in Comp-
troller of the Currency, referred to in this section, not
included in transfer of functions to Secretary of the
Treasury, see note set out under section 1 of this title.
§ 8. Clerks
The Comptroller of the Currency shall employ,
from time to time, the necessary clerks, to be
appointed and classified by the Secretary of the
Treasury, to discharge such duties as the comp-
troller shall direct.
(R.S. § 328.)
Editorial Notes
CODIFICATION
R.S. § 328 derived from act June 3, 1864, ch. 106, § 1, 13
Stat. 100, which was the National Bank Act. See sec-
tion 38 of this title.
Executive Documents
EXCEPTION AS TO TRANSFER OF FUNCTIONS
Functions vested by any provision of law in Comp-
troller of the Currency, referred to in this section, not
included in transfer of functions to Secretary of the
Treasury, see note set out under section 1 of this title.
§ 9. Additional examiners, clerks, and other em-
ployees
The Comptroller of the Currency is authorized
to employ such additional examiners, clerks,
and other employees as he deems necessary to
carry out the provisions of sections 4, 6, 9, 10,
1151 to 1318, and 1322 of this title and to assign
to duty in the office of his bureau in Washington
such examiners and assistant examiners as he
shall deem necessary to assist in the perform-
ance of the work of that bureau.
(Mar. 4, 1923, ch. 252, title II, § 209(b), 42 Stat.
1467.)
Editorial Notes
REFERENCES IN TEXT
Section 6, referred to in text, wa
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 11
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.