Title 12, Banks and BankingRelease 119-102
§285 Nonvoting Stock
Title 12 › CHAPTER 3 — FEDERAL RESERVE SYSTEM › SUBCHAPTER VI — CAPITAL AND STOCK OF FEDERAL RESERVE BANKS; DIVIDENDS AND EARNINGS › § 285
Summary
Only shares owned by member banks can cast votes. Any shares owned by others cannot vote.
Full Legal Text
Title 12, §285
Banks and Banking, Source: USLM XML via OLRC
Stock not held by member banks shall not be entitled to voting power.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section is comprised of the eleventh par. of section 2 of act Dec. 23, 1913. For classification of other pars. of section 2 of this Act, see Codification note set out under section 222 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 285
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102