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U.S. Code/Title 12/§ 83

Title 12

12

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12 U.S.C. § 83.Chapter 2

§ 83

Loans by bank on its own stock

Title 12
1 min read
Subchapter: REGULATION OF THE BANKING BUSINESS; POWERS AND DUTIES OF NATIONAL BANKS

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((a)) ** General prohibition** No national bank shall make any loan or discount on the security of the shares of its own capital stock.

((b)) ** Exclusion** For purposes of this section, a national bank shall not be deemed to be making a loan or discount on the security of the shares of its own capital stock if it acquires the stock to prevent loss upon a debt previously contracted for in good faith.

§ 81

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

§ 84

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