Title 12, Banks and BankingRelease 119-102

§40 Virgin Islands; Extension of National Bank Act

Title 12 › CHAPTER 2 — NATIONAL BANKS › SUBCHAPTER I — ORGANIZATION AND GENERAL PROVISIONS › § 40

Last updated Aug 21, 2026|Official source

Summary

Federal national-bank laws apply in the U.S. Virgin Islands after July 19, 1932, unless locally inapplicable.

Full Legal Text

Title 12, §40

Banks and Banking, Source: USLM XML via OLRC

The National Bank Act, as amended [12 U.S.C. 21 et seq.], and all other Acts of Congress relating to national banks, shall, insofar as not locally inapplicable after July 19, 1932, apply to the Virgin Islands of the United States.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

The National Bank Act, referred to in text, is act June 3, 1864, ch. 106, 13 Stat. 99, which is classified principally to chapter 2 (§ 21 et seq.) of this title. For complete classification of this Act to the Code, see

References in Text

note set out under section 38 of this title.

Reference

Citations & Metadata

Citation

12 U.S.C. § 40

Title 12, Banks and Banking

Last Updated

Aug 21, 2026

Release point: 119-102