Sec. 2. **[**[12 U.S.C. 191](/us/usc/t12/s191)**]**
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## Section 2 **[**[12 U.S.C. 191](/us/usc/t12/s191)**]** The Comptroller of the Currency1 may, without prior notice or hearings, appoint a receiver for any national bank (and such receiver shall be the Federal Deposit Insurance Corporation if the national bank is an insured bank (as defined in section 3(h) of the Federal Deposit Insurance Act)) if the Comptroller determines, in the Comptroller's discretion, that— 1Section 701(a)(1) of Public Law 109–351 (112 Stat. 1984) provides as follows:
(a)National Banks.—Section 2 of the National Bank Receivership Act (12 U.S.C. 191) is amended—
(1)by amending the section heading to read as follows: ``SEC. 2. APPOINTMENT OF RECEIVER FOR A NATIONAL BANK. ``(a) In General.—The Comptroller of the Currency''; and The amendment was not executed because there is no heading for section 2. Such amendment probably should have been to strike: ‶Section 2. The Comptroller of the Currency″ and insert the new heading and new subsection
(a)designation, heading, and text. ####
(1)1 or more of the grounds specified in section 11(c)(5) of the Federal Deposit Insurance Act exist; or ####
(2)the association's board of directors consists of fewer than 5 members. ###
(b)Judicial Review If the Comptroller of the Currency appoints a receiver under subsection (a), the national bank may, within 30 days thereafter, bring an action in the United States district court for the judicial district in which the home office of such bank is located, or in the United States District Court for the District of Columbia, for an order requiring the Comptroller of the Currency to remove the receiver, and the court shall, upon the merits, dismiss such action or direct the Comptroller of the Currency to remove the receiver.
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- Pub. L. 109-351
- 112 Stat. 1984
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Sec. 2
**[**[12 U.S.C. 191](/us/usc/t12/s191)**]**
Pub. L.Pub. L. 109-351
Stat.112 Stat. 1984
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