Sec. 22. **[**[12 U.S.C. 64a](/us/usc/t12/s64a)**]**
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/statute-compilations/comps-255/sec-22A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## Sec. 22 **[**[12 U.S.C. 64a](/us/usc/t12/s64a)**]** The additional liability imposed upon shareholders in national banking associations by the provisions of section 5151 of the Revised Statutes, as amended, and section 23 of the Federal Reserve Act, as amended (U.S.C., title 12, secs. 63 and 64),3 shall not apply with respect to shares in any such association issued after the date of enactment of this Act. Such additional liability shall cease on July 1, 1937, with respect to all shares issued by any association which shall be transacting the business of banking on July 1, 1937. *Provided, *That not less than six months prior to such date, such association shall have caused notice of such prospective termination of liability to be published in a newspaper published in the city, town, or county in which such association is located, and if no newspaper is published in such city, town, or county, then in a newspaper of general circulation therein.
If the association fail4 to give such notice as and when above provided, a termination of such additional liability may thereafter be accomplished as of the date six month5 subsequent to publication, in the manner above provided. In the case of each association which has not caused notice of such prospective termination of liability to be published prior to the effective date of this amendment, the Comptroller of the Currency shall cause such notice to be published in the manner provided in this section, and on the date six months subsequent to such publication by the Comptroller of the Currency such additional liability shall cease. 3Section 5151 of the Revised Statutes and section 23 of the Federal Reserve Act were repealed by section 7 of P.L. 86–230, 73 Stat. 457. 4So in original.
Probably should be “fails”. 5So in original. Probably should be “months”. **[**Secs. 23–28 amend other Acts.**]**
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