Title 12 — Banks and BankingRelease 119-73
§182 Notice of intent to dissolve
Title 12 › Chapter CHAPTER 2— - NATIONAL BANKS › Subchapter SUBCHAPTER XII— - VOLUNTARY DISSOLUTION › § 182
Summary
When an association votes to liquidate, the president or cashier must certify, with the association’s seal, a notice to the Comptroller of the Currency and run it in every issue of the local or nearest newspaper for two months, asking creditors to present claims for payment.
Full Legal Text
Title 12, §182
Banks and Banking — Source: USLM XML via OLRC
Whenever a vote is taken to go into liquidation it shall be the duty of the board of directors to cause notice of this fact to be certified, under the seal of the association, by its president or cashier, to the Comptroller of the Currency, and publication thereof to be made for a period of two months in every issue of a newspaper published in the city or town in which the association is located, or if no newspaper is there published, then in the newspaper published nearest thereto, that the association is closing up its affairs, and notifying its creditors to present their claims against the association for payment.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification R.S. § 5221 derived from act June 3, 1864, ch. 106, § 42, 13 Stat. 112, which was the National Bank Act. See section 38 of this title.
Amendments
1955—Act Aug. 9, 1955, struck out provisions relating to publication in a newspaper published in the City of New York, and notification to holders of national bank notes to present them for payment.
Executive Documents
Exception as to
Transfer of Functions
Functions vested by any provision of law in Comptroller of the Currency, referred to in this section, not included in
Transfer of Functions
to Secretary of the Treasury, see note set out under section 1 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 182
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73