Chapter 2

Redemption of notes unidentifiable as to bank of issue

Redeemed notes of unidentifiable issue; funds charged against

Banks in reserve cities; reserves

Banks in Alaska and insular possessions; lawful money reserves

Certain balances counted toward reserves in dependencies and insular possessions

Reports to Comptroller of the Currency

Penalty for failure to make reports

Funds available for cost of transporting and redeeming national and Federal Reserve bank notes

Voluntary dissolution; appointment and removal of liquidating agent or committee; examination

Notice of intent to dissolve

Appointment of receiver for a national bank

Default in payment of circulating notes

Notice to present claims

Dividends on adjusted claims; distribution of assets

Expenses

Shareholders’ meeting; continuance of receivership; appointment of agent; winding up business; distribution of assets

Resumption of business by closed bank on consent of depositors

Purchase by receiver of property of bank; request to Comptroller

Approval of request

Payment

Short title

Definitions

Appointment of conservator

Examinations

Termination of conservatorship

Conservator; powers and duties

Liability protection

Formation of national banking associations; incorporators; articles of association

Governmental powers unimpaired

Rules and regulations

Right to amend; separability

Definitions

Procedure for conversion, merger, or consolidation; vote of stockholders

Continuation of business and corporate entity

Conversions in contravention of State law

Prohibition on conversion

Consolidation of banks within same State

Merger of national banks or State banks into national banks

Interstate consolidations and mergers

Expedited procedures for certain reorganizations

Mergers and consolidations with subsidiaries and nonbank affiliates

Definitions

Mergers, consolidations, and other acquisitions authorized

Purpose

Definitions

Disposition of unclaimed property

Rules and regulations

Severability

Amendment of articles of association

Organization certificate

Acknowledgment and filing of certificate

Corporate powers of associations

Financial subsidiaries of national banks

Participation by national banks in lotteries and related activities

State law preemption standards for national banks and subsidiaries clarified

Comptroller to determine if association can commence business

Certificate of authority to commence banking

Power to hold real property

Change of name or location

Rights and liabilities as affected by change of name

Liabilities and suits as affected by change of name or location

Organization of State banks as national banking associations

Associations governed by chapter

The National Bank Act

Reservation of rights of associations organized under Act of 1863

Virgin Islands; extension of National Bank Act

Guam; extension of National Bank Act

Territorial application

Interpretations concerning preemption of certain State laws

Preferred stock; issuance authorized

Dividends, voting, and retirement of preferred stock; individual liability

Consideration of preferred stock in determining impairment of capital; dividends; retirement

“Common stock”, “capital”, and “capital stock” defined

Par value and incidents of stock; transfer of shares

When capital stock paid in

Enforcing payment of deficiency in capital stock; assessments; liquidation; receivership

Prohibition on withdrawal of capital; unearned dividends

Increase of capital by provision in articles of association

Reduction of capital

National bank dividends

Shareholders’ voting rights; cumulative and distributive voting; preferred stock; trust shares; proxies, liability restrictions; percentage requirement exclusion of trust shares

List of shareholders

Individual liability of shareholders; limitation on liability

Personal liability of representatives of stockholders

Individual liability of shareholders; compromises; authority of receiver

Election

Number of directors; penalties

Qualifications

Oath

Vacancies

Legal holiday, annual meeting on; proceedings where no election held on proper day

President of bank as member of board; chairman of board

Place of business

Loans by bank on its own stock

Lending limits

Rate of interest on loans, discounts and purchases

Usurious interest; penalty for taking; limitations

Depositaries of public moneys and financial agents of Government

Transfers by bank and other acts in contemplation of insolvency

Acting as insurance agent or broker

Trust powers

Violation of provisions of chapter

Authority to prescribe rules and regulations

Venue of suits

Emergency limitations and restrictions on business of members of Federal Reserve System; designation of legal holiday for national banking associations; exceptions; “State” defined