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31 U.S.C. § 5153 — Counterfeit currency

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

31 U.S.C. § 5153 — Counterfeit currency

Disbursing officials of the United States Government and officers of national banks shall stamp or mark the word “counterfeit”, “altered”, or “worthless” on counterfeit notes intended to circulate as currency that are presented to them. An official or officer wrongfully stamping or marking an item of genuine United States currency (including a Federal reserve note or a circulating note of Federal reserve banks and national banks) shall redeem the currency at face value when presented.

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Source location: Title 31, Chapter 51, § 5153; chapter-051-coins-and-currency.md

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

12 U.S.C. § 197 — Shareholders’ meeting; continuance of receivership; appointment of agent; winding up business; distribution of assets

**(a)** Whenever any national banking association shall have been or shall be placed in the hands of a receiver, as provided in section fifty-two hundred and thirty-four [[12 U.S.C. 192](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section192&num=0&edition=prelim)] and other sections of the Revised Statutes of the United States and [section 1821(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1821/c&num=0&edition=prelim), and when, as provided in [section 194 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section194&num=0&edition=prelim), there has been paid to each and every creditor of such association whose claim or claims as such creditor shall have been proved or allowed as therein prescribed, the full amount of such claims, and all expenses of the receivership, the Comptroller of the Currency or the Federal Deposit Insurance Corporation, where that Corporation has been appointed receiver of the bank, shall call a meeting of the shareholders of the association by giving notice thereof for thirty days in a newspaper published in the town, city, or county where the business of the association was carried on, or if no newspaper is there published, in the newspaper published nearest thereto. At such meeting the shareholders shall determine whether the receiver shall be continued and shall wind up the affairs of the association, or whether an agent shall be elected for that purpose, and in so determining the shareholders shall vote by ballot, in person or by proxy, each share of stock entitling the holder to one vote, and the majority of the stock in number of shares shall be necessary to determine whether the receiver shall be continued, or whether an agent shall

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

31 U.S.C. § 5153 — Counterfeit currency

Page 427 TITLE 31—MONEY AND FINANCE § 5155 The word ‘‘money’’ is substituted for ‘‘dollars’’ for consistency in the revised title. The words ‘‘the Inter- national Monetary Fund’’ are omitted as obsolete be- cause of section 9 of the Act of October 19, 1976 (Pub. L. 94–564, 90 Stat. 2661). § 5153. Counterfeit currency Disbursing officials of the United States Gov- ernment and officers of national banks shall stamp or mark the word ‘‘counterfeit’’, ‘‘al- tered’’, or ‘‘worthless’’ on counterfeit notes in- tended to circulate as currency that are pre- sented to them. An official or officer wrongfully stamping or marking an item of genuine United States currency (including a Federal reserve note or a circulating note of Federal reserve banks and national banks) shall redeem the cur- rency at face value when presented. (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 992.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 5153 ......... 31:424. June 30, 1876, ch. 156, § 5, 19 Stat. 64. The words ‘‘Disbursing officials’’ are substituted for ‘‘officers charged with the receipt or disbursement of public moneys’’ for consistency in the revised title and other titles of the United States Code. The word ‘‘mark’’ is substituted for ‘‘write in plain letters’’ to eliminate unnecessary words. The words ‘‘counterfeit notes intended to circulate as currency’’ are sub- stituted for ‘‘all fraudulent notes issued in the form of, and intended to circulate as money’’ for consistency in the revised title and with other titles of the Code. The last sentence is substituted for the words following the semicolon in 31:424 for clarity and to reflect the legisla- tive history of the derivative source. See 4 Cong. Rec. 2225–2228, 3148. I

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