Title 12 — Banks and BankingRelease 119-73

§67 Individual liability of shareholders; compromises; authority of receiver

Title 12 › Chapter CHAPTER 2— - NATIONAL BANKS › Subchapter SUBCHAPTER II— - CAPITAL, STOCK, AND STOCKHOLDERS › § 67

Last updated Apr 6, 2026|Official source

Full Legal Text

Title 12, §67

Banks and Banking — Source: USLM XML via OLRC

Any receiver of a national banking association is authorized, with the approval of the Comptroller of the Currency and upon the order of a court of record of competent jurisdiction, to compromise, either before or after judgment, the individual liability of any shareholder of such association.

Legislative History

Notes & Related Subsidiaries

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 to Secretary of the Treasury, see note set out under section 1 of this title.

Reference

Citations & Metadata

Citation

12 U.S.C. § 67

Title 12 — Banks and Banking

Last Updated

Apr 6, 2026

Release point: 119-73