§ 191. Appointment of receiver for a national bank
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/usc/title-12/section-191A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)In general The Comptroller of the Currency 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 1813(h) of this title)) if the Comptroller determines, in the Comptroller’s discretion, that—
(1)1 or more of the grounds specified in section 1821(c)(5) of this title 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.
(June 30, 1876, ch. 156, § 2, formerly § 1, 19 Stat. 63; Pub. L. 86–230, § 16, Sept. 8, 1959, 73 Stat. 458; Pub. L. 102–242, title I, § 133(b), Dec. 19, 1991, 105 Stat. 2271; renumbered § 2 and amended Pub. L. 102–550, title XVI, § 1603(d)(6), (7), Oct. 28, 1992, 106 Stat. 4080; Pub. L. 109–351, title VII, § 701(a), Oct. 13, 2006, 120 Stat. 1984.)
Connections95 cite this · traces to 6
Cited by 95 sections · top 60
U.S. Code
- § 1843Interests in nonbanking organizations
- § 1817Assessments
- § 1813Definitions
- § 1467aRegulation of holding companies
- § 248Enumerated powers
- § 1818Termination of status as insured depository institution
- § 1828Regulations governing insured depository institutions
- § 1464Federal savings associations
- § 1701qSupportive housing for the elderly
- § 1821Insurance Funds
- § 1831oPrompt corrective action
- § 1820Administration of Corporation
- § 1681sAdministrative enforcement
- § 3105Authority of Federal Reserve System
- § 1815Deposit insurance
- § 1831fBrokered deposits
- § 375bExtensions of credit to executive officers, directors, and principal shareholders of member banks
- § 1782Administration of insurance fund
- § 1831aActivities of insured State banks
- § 1607Administrative enforcement
- § 2808Effective date
- § 1831mEarly identification of needed improvements in financial management
- § 1691cAdministrative enforcement
- § 4308Regulations
- § 1824Borrowing authority
- § 3104Insurance of deposits
- § 4402Definitions
- § 1692lAdministrative enforcement
- § 4311Credit unions
- § 3412Use of information
- § 4309Administrative enforcement
- § 4313Definitions
- § 482Employees of Office of Comptroller of the Currency; appointment; compensation and benefits
- § 1790bCredit union employee protection remedy
- § 3107Representative offices
- § 4305Distribution of schedules
- § 197Shareholders’ meeting; continuance of receivership; appointment of agent; winding up business; distribution of assets
- § 4312Effect on State law
- § 205Termination of conservatorship
- § 4306Payment of interest
- § 203Appointment of conservator
- § 4304Disclosure requirements for certain accounts
statutes-at-large
- Public Law 86–230
- Public Law 102–242To require the least-cost resolution of insured depository institutions, to improve supervision and examinations, to provide additional resources to the Bank Insurance Fund, and for other purposes
- Public Law 101–73To reform, recapitalize, and consolidate the Federal deposit insurance system, to enhance the regulatory and enforcement powers of Federal financial institutions regulatory agencies, and for other purposes
- Public Law 109–351To provide regulatory relief and improve productivity for insured depository institutions, and for other purposes
- Public Law 97–320To revitalize the housing industry by strengthening the financial stability of home mortgage lending institutions and ensuring the availability of home mortgage loans
- Public Law 96–221To facilitate the implementation of monetary policy, to provide for the gradual elimination of all limitations on the rates of interest which are payable on deposits and accounts, and to authorize interest-bearing transaction accounts, and for other purposes
- Public Law 102–550To amend and extend certain laws relating to housing and community development, and for other purposes
CFR
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34 references not yet in our index
- June 30, 1876, ch. 156, § 2
- 19 Stat. 63
- Pub. L. 86–230, § 16
- 73 Stat. 458
- Pub. L. 102–242, title I, § 133(b)
- 105 Stat. 2271
- Pub. L. 102–550, title XVI, § 1603(d)(6)
- 106 Stat. 4080
- Pub. L. 109–351, title VII, § 701(a)
- 120 Stat. 1984
- Pub. L. 86–230, § 8
- 73 Stat. 457
- Pub. L. 109–351, § 701(a)(1)
- Pub. L. 109–351, § 701(a)(2)
- Pub. L. 102–550, § 1603(d)(7)(B)
- Pub. L. 102–550, § 1603(d)(6)
- Pub. L. 102–242, § 133(b)
- Pub. L. 86–230
- Pub. L. 109–351, title VII, § 701(c)
- 120 Stat. 1985
- Pub. L. 102–550, title XVI, § 1609
- 106 Stat. 4090
- Pub. L. 102–550
- Pub. L. 102–242
- Pub. L. 102–242, title I, § 133(g)
- 105 Stat. 2273
- Act June 30, 1876, ch. 156, § 1
- Pub. L. 102–550, title XVI, § 1603(d)(7)(A)
- act Mar. 4, 1933, ch. 274, § 4
- 47 Stat. 1567
- Pub. L. 96–221, title VII
- 94 Stat. 190
- Pub. L. 97–320, title IV, § 409
- 96 Stat. 1515
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§ 191
Appointment of receiver for a national bank
U.S.C.×47
Fed. Reg.×20
Stat.×16
C.F.R.×6
Stat. Comp.×4
Bills×2
ActJune 30, 1876, ch. 156, § 2
Stat.19 Stat. 63
Pub. L.Pub. L. 86–230, § 16
Stat.73 Stat. 458
Pub. L.Pub. L. 102–242, title I, § 133(b)
Cites 40 · showing 11Cited by 95 across 6 sources