Title 12Banks and BankingRelease 119-73

§62 List of shareholders

Title 12 › Chapter CHAPTER 2— - NATIONAL BANKS › Subchapter SUBCHAPTER II— - CAPITAL, STOCK, AND STOCKHOLDERS › § 62

Last updated Apr 6, 2026|Official source

Summary

The president and cashier of each national bank must keep on file a list showing each shareholder's name, residence, and shares. Shareholders, creditors, and state tax officers may inspect it, and a sworn copy must be sent to the Comptroller within ten days of his request.

Full Legal Text

Title 12, §62

Banks and Banking — Source: USLM XML via OLRC

The president and cashier of every national banking association shall cause to be kept at all times a full and correct list of the names and residences of all the shareholders in the association, and the number of shares held by each, in the office where its business is transacted. Such list shall be subject to the inspection of all the shareholders and creditors of the association, and the officers authorized to assess taxes under State authority, during business hours of each day in which business may be legally transacted. A copy of such list, verified by the oath of such president or cashier, shall be transmitted to the Comptroller of the Currency within ten days of any demand therefor made by him.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Codification R.S. § 5210 derived from act June 3, 1864, ch. 106, § 40, 13 Stat. 111, which was the National Bank Act. See section 38 of this title.

Amendments

1953—Act May 18, 1953, changed the requirement for annual transmission of a copy of the shareholders list to the Comptroller of the Currency by authorizing the Comptroller to acquire such copy at any time on 10 days’ notice.

Statutory Notes and Related Subsidiaries

Application to District of ColumbiaProvisions of this section were made applicable to banks, etc., in the District of Columbia by act Mar. 4, 1933, ch. 274, § 4, 47 Stat. 1567.

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. § 62

Title 12Banks and Banking

Last Updated

Apr 6, 2026

Release point: 119-73