12 U.S.C. § 51c

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)

Section 51c - "Common stock", "capital", and "capital stock" defined

The term "common stock" as used in sections 51a, 51b, 51c, and 51d ¹ of this title means stock of national banking associations other than preferred stock issued under the provisions of said sections. The term "capital" as used in provisions of law relating to the capital of national banking associations shall mean the amount of unimpaired common stock plus the amount of preferred stock outstanding and unimpaired; and the term "capital stock", as used in sections 101, 177, and 178 ¹ of this title, shall mean only the amount of common stock outstanding.

¹ See References in Text note below.

12 U.S.C. § 51c

Mar. 9, 1933, ch. 1, title III, §303, 48 Stat. 5.

EDITORIAL NOTES

REFERENCES IN TEXTSection 51d of this title, referred to in text, was repealed by act June 30, 1947, ch. 166, title II, §206(b), (o), 61 Stat. 208. For effect of the repeal on outstanding debentures held by banks, see note under section 51b-1 of this title. Sections 101, 177, and 178 of this title, referred to in text, were repealed by Pub. L. 103-325, title VI, §602(f)(2), (5), Sept. 23, 1994, 108 Stat. 2292, 2293.