Chapter 58. Authorizing receivers of national banking associations to compromise shareholders’ liability
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/statutes-at-large/vol-46/chapter-58-551753·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CHAP. 58.— An Act Authorizing receivers of national banking associations to compromise shareholders’ liability. February 25, 1930.[[S. 544](/us/bill/71/s/544).][[Public, No. 55](/us/pl/71/55).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, National banks.Receivers of, may compromise liability of shareholders. That any receiver of a national banking association is authorized, with the approval of the Comptroller of the Currency and upon the order of a court of record of competent jurisdiction, to compromise, either before or after judgment, the individual liability of any shareholder of such association.
Approved, February 25, 1930.