Title 12, Banks and BankingRelease 119-102
§199 Approval of Request
Title 12 › CHAPTER 2 — NATIONAL BANKS › SUBCHAPTER XIII — RECEIVERSHIP › § 199
Summary
The Comptroller must approve a request, send it with a certificate and his money recommendation to the Treasury Secretary, and if the Secretary agrees, file notice and copies with the U.S. Treasurer.
Full Legal Text
Title 12, §199
Banks and Banking, Source: USLM XML via OLRC
Such request, if approved by the Comptroller of the Currency, shall be, together with the certificate of facts in the case, and his recommendation as to the amount of money which, in his judgment, should be so used and employed, submitted to the Secretary of the Treasury, and if the same shall likewise be approved by him, the request shall be by the Comptroller of the Currency allowed, and notice thereof, with copies of the request, certificate of facts, and indorsement of approvals, shall be filed with the Treasurer of the United States.
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
Transfer of Functions
For
Transfer of Functions
to Secretary of the Treasury, see note set out under section 55 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 199
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102