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12 U.S.C. § 81 — Place of business

Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 81 — Place of business

The general business of each national banking association shall be transacted in the place specified in its organization certificate and in the branch or branches, if any, established or maintained by it in accordance with the provisions of [section 36 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section36&num=0&edition=prelim).

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Source file: Laws/federal/codes/united-states-code/title-12/section-81-place-of-business--4e0f83fd4e.md
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Source location: Title 12, Chapter 2, § 81; chapter-002-national-banks.md

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 38 — The National Bank Act

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.”

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 36 — Branch banks

The conditions upon which a national banking association may retain or establish and operate a branch or branches are the following: **(a) Lawful and continuous operation** A national banking association may retain and operate such branch or branches as it may have had in lawful operation on February 25, 1927, and any national banking association which continuously maintained and operated not more than one branch for a period of more than twenty-five years immediately preceding February 25, 1927, may continue to maintain and operate such branch. **(b) Converted State banks** (1) A national bank resulting from the conversion of a State bank may retain and operate as a branch any office which was a branch of the State bank immediately prior to conversion if such office— (A) might be established under subsection (c) of this section as a new branch of the resulting national bank, and is approved by the Comptroller of the Currency for continued operation as a branch of the resulting national bank; (B) was a branch of any bank on February 25, 1927; or (C) is approved by the Comptroller of the Currency for continued operation as a branch of the resulting national bank. The Comptroller of the Currency may not grant approval under clause (C) of this paragraph if a State bank (in a situation identical to that of the national bank) resulting from the conversion of a national bank would be prohibited by the law of such State from retaining and operating as a branch an identically situated office which was a branch of the national bank immediately prior to conversion. (2) A national bank (referred to in this paragraph as the “resulting bank”), resulting from the consolidation of a national bank (referred to in this paragraph as the “national bank”) under whose charter

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 81 — Place of business

Page 42 TITLE 12—BANKS AND BANKING § 81 Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF REPEAL Repeal effective 120 days after Nov. 12, 1999, see sec- tion 161 of Pub. L. 106–102, set out as an Effective Date of 1999 Amendment note under section 24 of this title. SUBCHAPTER IV—REGULATION OF THE BANKING BUSINESS; POWERS AND DU- TIES OF NATIONAL BANKS § 81. Place of business The general business of each national banking association shall be transacted in the place spec- ified in its organization certificate and in the branch or branches, if any, established or main- tained by it in accordance with the provisions of section 36 of this title. (R.S. § 5190; Feb. 25, 1927, ch. 191, § 8, 44 Stat. 1229.) Editorial Notes CODIFICATION R.S. § 5190 derived from act June 3, 1864, ch. 106, § 8, 13 Stat. 101, which was the National Bank Act. See sec- tion 38 of this title. AMENDMENTS 1927—Act Feb. 25, 1927, among other changes, inserted ‘‘and in the branch or branches, if any, established or maintained by it in accordance with the provisions of section 36 of this title’’. § 82. Repealed. Pub. L. 97–320, title IV, § 402, Oct. 15, 1982, 96 Stat. 1510 Section, R.S. § 5202; Dec. 23, 1913, ch. 6, § 13 (par.), 38 Stat. 264; Sept. 7, 1916, ch. 461, 39 Stat. 753; Apr. 5, 1918, ch. 45, § 20, 40 Stat. 512; Oct. 22, 1919, ch. 79, § 2, 41 Stat. 297; Mar. 4, 1923, ch. 252, title V, § 504, 42 Stat. 1481; Feb. 25, 1927, ch. 191, § 11, 44 Stat. 1231; Jan. 22, 1932, ch. 8, § 5, formerly § 6, 47 Stat. 8, renumbered and amended June 30, 1947, ch. 166, title I, § 1, 61 Stat. 202; May 20, 1933, ch. 35, § 2, 48 Stat. 73; June 19, 1934, ch. 653, § 2, 48 Stat. 1107; Sept. 8, 1959, Pub. L. 86–230, § 10, 73 Stat. 458; Sept. 9, 1959, Pub. L. 86–251, § 2, 73 Stat. 488;

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