Chapter 274. To amend section 5147 of the Revised Statutes
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CHAP. 274.— An Act To amend section 5147 of the Revised Statutes. February 20, 1925.[[S. 2209](/us/bill/68/s/2209).][[Public, No. 430](/us/pl/68/430).] *Be it enacted by the Senate and House of Representatives of the United. States of America in Congress assembled, * That section 5147National banks.[R. S., sec. 5147, p. 995, amended](/us/rs/s5147/p995). of the Revised Statutes is amended to read as follows: " “Sec. 5147. Each director, when appointed or elected, shall takeOath required of directors. an oath that he will, so far as the duty devolves on him, diligently and honestly administer the affairs of such association, and will not knowingly violate or willingly permit to be violated, any of the provisions of this title, and that he is the owner in good faith, and in his own right, of the number of shares of stock required by this title, subscribed by him, or standing in his name on the books of the association, and that the same is not hypothecated, or in any way pledged, as security for any loan or debt.
The oath shall be takenAdministered by any notary, etc., except one connected with the bank. before a notary public, properly authorized and commissioned by the State in which he resides, or before any other officer having an official seal and authorized by the State to administer oaths, except that the oath shall not be taken before any such notary public or other officer who is an officer of the director’s bank. The oath,Transmittal and filing. subscribed by the director making it, and certified by the notary public or other officer before whom it is taken, shall be immediately transmitted to the Comptroller of the Currency and shall be filed and preserved in his office for a period of ten years.
” " Approved, February 20, 1925.