Title 12 — Banks and BankingRelease 119-73not60
§285 Nonvoting Stock
Title 12 › Chapter 3— FEDERAL RESERVE SYSTEM › Subchapter VI— CAPITAL AND STOCK OF FEDERAL RESERVE BANKS; DIVIDENDS AND EARNINGS › § 285
Summary
Shares owned by anyone other than member banks do not have the right to 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
Apr 3, 2026
Release point: 119-73not60