Title 12 — Banks and BankingRelease 119-73not60
§196 Expenses
Title 12 › Chapter 2— NATIONAL BANKS › Subchapter XIII— RECEIVERSHIP › § 196
Summary
An association must pay for any examinations of its condition. Receivership expenses must be paid from the association's assets before any proceeds are distributed.
Full Legal Text
Title 12, §196
Banks and Banking — Source: USLM XML via OLRC
All expenses of any preliminary or other examinations into the condition of any association shall be paid by such association. All expenses of any receivership shall be paid out of the assets of such association before distribution of the proceeds thereof.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification R.S. § 5238 derived from act June 3, 1864, ch. 106, § 51, 13 Stat. 115, which was the National Bank Act. See section 38 of this title.
Amendments
1994—Pub. L. 103–325 struck out at beginning “All fees for protesting the notes issued by any national banking association shall be paid by the person procuring the protest to be made, and such association shall be liable therefor; but no part of the bonds deposited by such association shall be applied to the payment of such fees.”
Reference
Citations & Metadata
Citation
12 U.S.C. § 196
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60