Title 12, Banks and BankingRelease 119-102
§53 When Capital Stock Paid In
Title 12 › CHAPTER 2 — NATIONAL BANKS › SUBCHAPTER II — CAPITAL, STOCK, AND STOCKHOLDERS › § 53
Summary
A national bank must have all of its stock fully paid in before it is allowed to start doing business.
Full Legal Text
Title 12, §53
Banks and Banking, Source: USLM XML via OLRC
All of the capital stock of every national banking association shall be paid in before it shall be authorized to commence business.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification R.S. § 5140 derived from act June 3, 1864, ch. 106, § 14, 13 Stat. 103, which was the National Bank Act. See section 38 of this title.
Amendments
1959—Pub. L. 86–230 substituted requirement that all the capital stock of a national bank must be paid in before it commences business for permissive authority to be open for business upon payment of 50 per centum of the capital stock and installment payment of the remaining 50 per centum.
Reference
Citations & Metadata
Citation
12 U.S.C. § 53
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102