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12 U.S.C. § 40 — Virgin Islands; extension of National Bank Act
Federal law — U.S. Code and appendices · legal_authorities
The National Bank Act, as amended [[12 U.S.C. 21](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section21&num=0&edition=prelim) et seq.], and all other Acts of Congress relating to national banks, shall, insofar as not locally inapplicable after July 19, 1932, apply to the Virgin Islands of the United States.
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Source file: Laws/federal/codes/united-states-code/title-12/section-40-virgin-islands-extension-of-national-bank-act--ad513b0a75.md
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Source location: Title 12, Chapter 2, § 40; chapter-002-national-banks.md
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The National Bank Act, as amended [[12 U.S.C. 21](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section21&num=0&edition=prelim) et seq.], and all other Acts of Congress relating to national banks, shall, insofar as not locally inapplicable after July 19, 1932, apply to the Virgin Islands of the United States.
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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
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Federal law — U.S. Code and appendices · legal_authorities
Associations for carrying on the business of banking under title 62 of the Revised Statutes may be formed by any number of natural persons, not less in any case than five. They shall enter into articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions, not inconsistent with law, which the association may see fit to adopt for the regulation of its business and the conduct of its affairs. These articles shall be signed by the persons uniting to form the association, and a copy of them shall be forwarded to the Comptroller of the Currency, to be filed and preserved in his office.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 21
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Federal law — U.S. Code and appendices · legal_authorities
Page 8
TITLE 12—BANKS AND BANKING
§ 21
Sec.
178.
Repealed.
SUBCHAPTER XII—VOLUNTARY DISSOLUTION
181.
Voluntary dissolution; appointment and re-
moval of liquidating agent or committee;
examination.
182.
Notice of intent to dissolve.
183 to 186. Repealed.
SUBCHAPTER XIII—RECEIVERSHIP
191.
Appointment of receiver for a national bank.
192.
Default in payment of circulating notes.
193.
Notice to present claims.
194.
Dividends on adjusted claims; distribution of
assets.
195.
Repealed.
196.
Expenses.
197.
Shareholders’ meeting; continuance of receiv-
ership; appointment of agent; winding up
business; distribution of assets.
197a.
Resumption of business by closed bank on
consent of depositors.
198.
Purchase by receiver of property of bank; re-
quest to Comptroller.
199.
Approval of request.
200.
Payment.
SUBCHAPTER XIV—BANK CONSERVATION ACT
201.
Short title.
202.
Definitions.
203.
Appointment of conservator.
204.
Examinations.
205.
Termination of conservatorship.
206.
Conservator; powers and duties.
207, 208.
Repealed.
209.
Liability protection.
210.
Governmental powers unimpaired.
211.
Rules and regulations.
212.
Right to amend; separability.
213.
Transferred.
SUBCHAPTER XV—CONVERSION OF NATIONAL
BANKS INTO STATE BANKS
214.
Definitions.
214a.
Procedure for conversion, merger, or consoli-
dation; vote of stockholders.
214b.
Continuation of business and corporate enti-
ty.
214c.
Conversions in contravention of State law.
214d.
Prohibition on conversion.
SUBCHAPTER XVI—CONSOLIDATION AND
MERGER
215.
Consolidation of banks within same State.
215a.
Merger of national banks or State banks into
national banks.
215a–1.
Interstate consolidations and mergers.
215a–2.
Expedited procedures for certain reorg
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 21
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Federal law — U.S. Code and appendices · legal_authorities
Page 31
TITLE 12—BANKS AND BANKING
§ 41
RIGHT OF STATE TO OPT OUT
Nothing in Pub. L. 105–24 to alter right of States
under section 525 of Pub. L. 96–221, see section 3 of Pub.
L. 105–24, set out as a note under section 1831a of this
title.
APPLICABILITY OF MCFADDEN ACT TO PRESENT FINAN-
CIAL ENVIRONMENT; REPORT
AND RECOMMENDATIONS
BY PRESIDENT TO CONGRESS
Pub. L. 95–369, § 14, Sept. 17, 1978, 92 Stat. 625, provided
for a report to Congress by the President, not later
than one year after Sept. 17, 1978, containing rec-
ommendations concerning the applicability of the
McFadden Act [Feb. 25, 1927, ch. 191, 44 Stat. 1224] to
the then current financial, banking, and economic en-
vironment.
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.
§ 37. Associations governed by chapter
The provisions of chapters 2, 3, and 4 of title 62
of the Revised Statutes, which are expressed
without restrictive words, as applying to ‘‘na-
tional banking associations,’’ or to ‘‘associa-
tions,’’ apply to all associations organized to
carry on the business of banking under any Act
of Congress.
(R.S. § 5157.)
Editorial Notes
REFERENCES IN TEXT
Chapters 2, 3, and 4 of title 62 of the Revised Statutes,
referred to in text, was in the original ‘‘chapters two,
three, and four of this Title,’’ meaning chapters 2, 3,
and 4 of title 62 of the Revised Statutes, consisting of
R.S. §§ 5157 to 5244, which are classified to this section
and sections 16, 26, 27, 43, 55, 56, 60, 62, 81, 83 to 86, 91,
93, 93a, 94, 141 to 144, 161, 164, 181, 182, 192 to 194, 19
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 40
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