Sec. 25C. POTENTIAL LIABILITY ON FOREIGN ACCOUNTS
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## SEC. 25C POTENTIAL LIABILITY ON FOREIGN ACCOUNTS ###
(a)Exceptions From Repayment Requirement A member bank shall not be required to repay any deposit made at a foreign branch of the bank if the branch cannot repay the deposit due to— ####
(1)an act of war, insurrection, or civil strife; or ####
(2)an action by a foreign government or instrumentality (whether de jure or de facto) in the country in which the branch is located; unless the member bank has expressly agreed in writing to repay the deposit under those circumstances. ###
(b)Regulations The Board and the Comptroller of the Currency may jointly prescribe such regulations as they deem necessary to implement this section. **[**[12 U.S.C. 633](/us/usc/t12/s633)**]** **[**1. National currency associations; amendments to National Bank Act**]** ## **[**tax on national bank notes**]** **[**Section 27 amended other Acts.**]** **[**1. Reduction of capital of national banks**]** ## **[**reduction of capital of national banks**]** **[**Section 28 amended section 5143 of the Revised Statutes.**]**
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Sec. 25C
POTENTIAL LIABILITY ON FOREIGN ACCOUNTS
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