Title 12 — Banks and BankingRelease 119-73not60
§3017a Class a Notes as Paid-in Capital of the Bank
Title 12 › Chapter 31— NATIONAL CONSUMER COOPERATIVE BANK › Subchapter I— ESTABLISHMENT AND OPERATION › § 3017a
Summary
For that purpose, class A notes are treated as paid-in capital.
Full Legal Text
Title 12, §3017a
Banks and Banking — Source: USLM XML via OLRC
Only for purposes of section 3017(a) of this title, class A notes shall be deemed to be paid-in capital of the Bank.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section was enacted as part of the National Consumer Cooperative Bank Act
Amendments
of 1981 and also as part of the Omnibus Budget Reconciliation Act of 1981, and not as part of the National Consumer Cooperative Bank Act which comprises this chapter.
Statutory Notes and Related Subsidiaries
Effective Date
Pub. L. 97–35, title III, § 391(b)(2), Aug. 13, 1981, 95 Stat. 434, provided that: “This subsection [enacting this section] shall take effect on the day after the Final Government Equity Redemption Date [Dec. 31, 1981].” For definition of “Final Government Equity Redemption Date”, see section 396(a) of Pub. L. 97–35, set out as a note under section 3012 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 3017a
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60