Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section191&num=0&edition=prelim
Timestamp: 2019-10-15 09:42:47
Document Index: 781208705

Matched Legal Cases: ['§ 191', '§2', '§1', '§16', '§133', '§2', '§1603', '§701', '§8', '§701', '§1603', '§133', '§1603', '§701', '§1609', '§1601', '§133', '§1', '§1603', '§721', '§409']

[USC02] 12 USC 191: Appointment of receiver for a national bank
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12 USC 191: Appointment of receiver for a national bank Text contains those laws in effect on October 14, 2019
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The Comptroller of the Currency may, without prior notice or hearings, appoint a receiver for any national bank (and such receiver shall be the Federal Deposit Insurance Corporation if the national bank is an insured bank (as defined in section 1813(h) of this title)) if the Comptroller determines, in the Comptroller's discretion, that-
(June 30, 1876, ch. 156, §2, formerly §1, 19 Stat. 63 ; Pub. L. 86–230, §16, Sept. 8, 1959, 73 Stat. 458 ; Pub. L. 102–242, title I, §133(b), Dec. 19, 1991, 105 Stat. 2271 ; renumbered §2 and amended Pub. L. 102–550, title XVI, §1603(d)(6), (7), Oct. 28, 1992, 106 Stat. 4080 ; Pub. L. 109–351, title VII, §701(a), Oct. 13, 2006, 120 Stat. 1984 .)
A prior section 2 of act June 30, 1876, was classified to section 65 of this title, prior to repeal by Pub. L. 86–230, §8, Sept. 8, 1959, 73 Stat. 457 .
2006-Pub. L. 109–351, §701(a)(1), which directed the general amendment of the section catchline by replacing it with "Appointment of receiver for a national bank" followed by "(a) In general" and the words "The Comptroller of the Currency", was executed by inserting the new catchline and the subsec. (a) designation and heading but not the words "The Comptroller of the Currency" which already appeared in text, to reflect the probable intent of Congress.
1992-Pub. L. 102–550, §1603(d)(7)(B), substituted "appoint a receiver for any national bank (and such receiver shall be the Federal Deposit Insurance Corporation if the national bank is an insured bank (as defined in section 1813(h) of this title))" for "appoint the Federal Deposit Insurance Corporation as receiver for any national banking association" in introductory provisions.
1991-Pub. L. 102–242, §133(b), as amended by Pub. L. 102–550, §1603(d)(6), amended section generally. Prior to amendment, section read as follows: "Whenever any national banking association shall be dissolved, and its rights, privileges, and franchises declared forfeited, as prescribed in section 93 of this title, or whenever any creditor of any national banking association shall have obtained a judgment against it in any court of record, and made application, accompanied by a certificate from the clerk of the court stating that such judgment has been rendered and has remained unpaid for the space of thirty days, or whenever the comptroller shall become satisfied of the insolvency of a national banking association, he may, after due examination of its affairs, in either case, appoint a receiver, who shall proceed to close up such association."
Pub. L. 109–351, title VII, §701(c), Oct. 13, 2006, 120 Stat. 1985 , provided that: "The amendments made by subsections (a) and (b) [amending this section and section 1821 of this title] shall apply with respect to conservators or receivers appointed on or after the date of enactment of this Act [Oct. 13, 2006]."
Pub. L. 102–550, title XVI, §1609, Oct. 28, 1992, 106 Stat. 4090 , provided that:
"(a) In General.-Except as provided in subsection (b) or any other provision of this subtitle [subtitle A (§§1601–1609) of title XVI of Pub. L. 102–550, see Tables for classification], the amendments made by this subtitle to the Federal Deposit Insurance Corporation Improvement Act of 1991, the Federal Deposit Insurance Act, and any other law shall take effect as if such amendments had been included in the Federal Deposit Insurance Corporation Improvement Act of 1991 [Pub. L. 102–242] as of the date of the enactment of such Act [Dec. 19, 1991].
"(b) Effective Date of Certain Amendments.-In the case of any amendment made by this subtitle to any provision of law added or amended by the Federal Deposit Insurance Corporation Improvement Act of 1991 [see Tables for classification] effective after December 19, 1992, the amendment made by this subtitle shall take effect on the effective date of the amendment made by the Federal Deposit Insurance Corporation Improvement Act of 1991."
Pub. L. 102–242, title I, §133(g), Dec. 19, 1991, 105 Stat. 2273 , provided that: "The amendments made by this section [amending this section and sections 203, 248, 1464, and 1821 of this title] shall become effective 1 year after the date of enactment of this Act [Dec. 19, 1991]."
Act June 30, 1876, ch. 156, §1, as added by Pub. L. 102–550, title XVI, §1603(d)(7)(A), Oct. 28, 1992, 106 Stat. 4080 , provided that: "This Act [enacting this section, sections 65 and 197 of this title, and section 424 of former Title 31, Money and Finance, and amending section 55 of this title] may be cited as the 'National Bank Receivership Act'."
Pub. L. 96–221, title VII, §§721–723, Mar. 31, 1980, 94 Stat. 190 , 191, as amended Pub. L. 97–320, title IV, §409, Oct. 15, 1982, 96 Stat. 1515 , provided that:
"Sec. 721. The purpose of this part [enacting this provision] is to terminate the closed receivership fund by-
"Sec. 722. For purposes of this part-
"(1) the term 'closed receivership fund' means the aggregation of undisbursed liquidating dividends from national banks which have been closed and for which the Comptroller has appointed a receiver other than the Federal Deposit Insurance Corporation, held by the Comptroller in his capacity as successor to receivers of those banks;
"(2) the term 'Comptroller' means the Comptroller of the Currency;
"(3) the term 'claimant' means a depositor or other creditor who asserts a claim against a closed national bank for a liquidating dividend; and
"(4) the term 'liquidating dividend' means an amount of money in the closed receivership fund determined by a receiver of a closed national bank or by the Comptroller to be owed by that bank to a depositor or other creditor.