Browse Arkansas Code titles and sections
12 U.S.C. § 484 — Limitation on visitorial powers
Federal law — U.S. Code and appendices · legal_authorities
**(a)** No national bank shall be subject to any visitorial powers except as authorized by Federal law, vested in the courts of justice or such as shall be, or have been exercised or directed by Congress or by either House thereof or by any committee of Congress or of either House duly authorized.
**(b)** Notwithstanding subsection (a), lawfully authorized State auditors and examiners may, at reasonable times and upon reasonable notice to a bank, review its records solely to ensure compliance with applicable State unclaimed property or escheat laws upon reasonable cause to believe that the bank has failed to comply with such laws.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 484
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: d0e435a105563a51da87bbdb134f9d54be8d34cf647f892110da8d4bfa56c53d. 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_9426dae4041753600e354468
Source file: Laws/federal/codes/united-states-code/title-12/section-484-limitation-on-visitorial-powers--e63bda59c3.md
Pages: Not recorded – Not recorded
Passage SHA-256: 5cf664cdac32cd24f493e2a3081006340459ba3cb4fe7f98e349244941376420
Source location: Title 12, Chapter 3, § 484; chapter-003-federal-reserve-system.md
Stored source content
**(a)** No national bank shall be subject to any visitorial powers except as authorized by Federal law, vested in the courts of justice or such as shall be, or have been exercised or directed by Congress or by either House thereof or by any committee of Congress or of either House duly authorized.
**(b)** Notwithstanding subsection (a), lawfully authorized State auditors and examiners may, at reasonable times and upon reasonable notice to a bank, review its records solely to ensure compliance with applicable State unclaimed property or escheat laws upon reasonable cause to believe that the bank has failed to comply with such laws.
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
The Comptroller of the Currency, with the approval of the Secretary of the Treasury, shall appoint examiners who shall examine every national bank as often as the Comptroller of the Currency shall deem necessary. The examiner making the examination of any national bank shall have power to make a thorough examination of all the affairs of the bank and in doing so he shall have power to administer oaths and to examine any of the officers and agents thereof under oath and shall make a full and detailed report of the condition of said bank to the Comptroller of the Currency: Provided, That in making the examination of any national bank the examiners shall include such an examination of the affairs of all its affiliates other than member banks as shall be necessary to disclose fully the relations between such bank and such affiliates and the effect of such relations upon the affairs of such bank; and in the event of the refusal to give any information required in the course of the examination of any such affiliate, or in the event of the refusal to permit such examination, all the rights, privileges, and franchises of the bank shall be subject to forfeiture in accordance with section 2 of the Federal Reserve Act, as amended (U.S.C., title 12, secs. 141, 222–225, 281–286, and 502).11 See References in Text note below. The Comptroller of the Currency shall have power, and he is authorized, to publish the report of his examination of any national banking association or affiliate which shall not within one hundred and twenty days after notification of the recommendations or suggestions of the Comptroller, based on said examination, have complied with the same to his satisfaction. Ninety days’ notice prior to such publicity shall be given to the bank or affiliate.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 481
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
### Statutory Notes
#### Codification
Section, R.S. § 5241, related to limitation of visitorial powers. See [section 484 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section484&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 165
Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Interstate and foreign commerce** No person required under a State law to make payments to an unemployment fund shall be relieved from compliance therewith on the ground that he is engaged in interstate or foreign commerce, or that the State law does not distinguish between employees engaged in interstate or foreign commerce and those engaged in intrastate commerce.
**(b) Federal instrumentalities in general** The legislature of any State may require any instrumentality of the United States (other than an instrumentality to which section 3306(c)(6) applies), and the individuals in its employ, to make contributions to an unemployment fund under a State unemployment compensation law approved by the Secretary of Labor under section 3304 and (except as provided in section 5240 of the Revised Statutes, as amended (12 U.S.C., sec. 484), and as modified by subsection (c)), to comply otherwise with such law. The permission granted in this subsection shall apply (A) only to the extent that no discrimination is made against such instrumentality, so that if the rate of contribution is uniform upon all other persons subject to such law on account of having individuals in their employ, and upon all employees of such persons, respectively, the contributions required of such instrumentality or the individuals in its employ shall not be at a greater rate than is required of such other persons and such employees, and if the rates are determined separately for different persons or classes of persons having individuals in their employ or for different classes of employees, the determination shall be based solely upon unemployment experience and other factors bearing a direct relation to unemployment risk; (B) only if such State law makes provision for the refund of any contribution
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 3305
Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
Page 175
TITLE 12—BANKS AND BANKING
§ 486
Editorial Notes
CODIFICATION
R.S. § 5240 derived from act June 3, 1864, ch. 106, § 54,
13 Stat. 116, which was part of the National Bank Act.
See section 38 of this title.
Section is comprised of fifth par. of R.S. § 5240, as
amended. See Codification note set out under section
481 of this title.
AMENDMENTS
1930—Act June 26, 1930, substituted second sentence
‘‘The expense of such examinations may, in the discre-
tion of the Federal Reserve Board, be assessed against
the banks examined, and, when so assessed, shall be
paid by the banks examined.’’ for ‘‘The expense of such
examinations shall be borne by the bank examined.’’
Statutory Notes and Related Subsidiaries
CHANGE OF NAME
Section 203(a) of act Aug. 23, 1935, changed name of
Federal Reserve Board to Board of Governors of the
Federal Reserve System.
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.
§ 484. Limitation on visitorial powers
(a) No national bank shall be subject to any
visitorial powers except as authorized by Fed-
eral law, vested in the courts of justice or such
as shall be, or have been exercised or directed by
Congress or by either House thereof or by any
committee of Congress or of either House duly
authorized.
(b) Notwithstanding subsection (a), lawfully
authorized State auditors and examiners may,
at reasonable times and upon reasonable notice
to a bank, review its records solely to ensure
compliance with applicable State unclaimed
property or escheat laws upon reasonable cause
to believe that the
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 484
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.