Title 12 — Banks and BankingRelease 119-73not60
§11 Interest in National Banks
Title 12 › Chapter 1— THE COMPTROLLER OF THE CURRENCY › § 11
Summary
Comptroller, Deputy Comptroller must not own national banks or Federal savings associations.
Full Legal Text
Title 12, §11
Banks and Banking — Source: USLM XML via OLRC
It shall not be lawful for the Comptroller or the Deputy Comptroller of the Currency, either directly or indirectly, to hold an interest in any national bank or any Federal savings association.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification R.S. § 329 derived from act June 3, 1864, ch. 106, § 1, 13 Stat. 99, which was the National Bank Act. See section 38 of this title.
Amendments
2010—Pub. L. 111–203 inserted “or any Federal savings association” before the period. 2000—Pub. L. 106–569 substituted “to hold an interest in any national bank” for “to be interested in any association issuing national currency under the laws of the United States”.
Statutory Notes and Related Subsidiaries
Effective Date
of 2010 AmendmentAmendment by Pub. L. 111–203 effective on the transfer date, see section 314(d) of Pub. L. 111–203, set out as a note under section 1 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 11
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60