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U.S. Code/Title 12/§ 39

Title 12

12

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12 U.S.C. § 39.Chapter 2

§ 39

Reservation of rights of associations organized under Act of 1863

Title 12
1 min read
Subchapter: ORGANIZATION AND GENERAL PROVISIONS

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Nothing in title 62 of the Revised Statutes shall affect any appointments made, acts done, or proceedings had or commenced prior to the third day of June 1864, in or toward the organization of any national banking association under the act of ; but all associations which, on the third day of June 1864, were organized or commenced to be organized under that act, shall enjoy all the rights and privileges granted, and be subject to all the duties, liabilities, and restrictions imposed by title 62 of the Revised Statutes, notwithstanding all the steps prescribed by title 62 of the Revised Statutes for the organization of associations were not pursued, if such associations were duly organized under that act.February 25, 18631863-02-25

§ 38

Release: pl-119-102 (2026-07-12)

§ 40

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